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| Skanska secures railway assignment in Czech Republic Nordic building firm Skanska has been commissioned to rebuild a section of railway in the Czech Republic. Skanska's contract amounts to CZK 2.26 billion, approximately SEK 835 M, which will be included in orders booked during the second quarter. The contract amounts to a total of CZK 5 billion, of which Skanska's share accounts for 45 percent. Skanska is the lead company in a consortium that also includes two local companies. The client is the Czech Railway Infrastructure Administration. The project is being financed with support from the state fund for transport infrastructure and from the EU Cohesion Fund, the EU fund for infrastructure expansion. The project pertains to a 30-kilometer section of railway that passes the towns of Stříbro and Planá en route between Prague and the German border. The railway is to be upgraded to permit express-train traffic. The assignment includes a new bridge and the renovation of 44 bridges, three tunnels and platforms at seven stations along the railway section. Work will commence immediately and is scheduled to be completed in May 2011. write your comments about the article :: © 2008 Construction News :: home page |