The Austrian group Strabag has been awarded a two-year contract worth €34.6mn for the modernisation of a 48km stretch of the national road M2 in the Republic of Moldova. The upgrade route runs between Ghindesti and Drochia.
July 20, 2012
Read time: 1 min
The Austrian group 945 Strabag has been awarded a two-year contract worth €34.6mn for the modernisation of a 48km stretch of the national road M2 in the Republic of Moldova. The upgrade route runs between Ghindesti and Drochia.
One of Europe’s biggest construction groups, STRABAG SE, is facing tough trading conditions with “earnings significantly down,” according to its latest quarter three report. Chief executive Hans Peter Haselsteiner told World Highways that the central and east European specialist is fighting its way through a continuing downturn. “Conditions in the construction sector are becoming more difficult than we have been accustomed to in recent years,” he said. And this has been the case since “our half-year results
Construction of the first public-private (PPP) funded highway in Denmark will see a new road in the south of the country near the German border. The Kliplev Motorway Group (KMG) is one half of Denmark's first ever PPP with the government, after winning the tender to build the highway. KMG is financing the whole project and the deal includes construction and ongoing maintenance when it is complete. KMG is the concessionary company for the project and is 100% owned by the Austrian company STRABAG, Europe's la
Construction will commence in April 2017 on a new road tunnel link in Karlsruhe. Austrian contractor STRABAG has an 84% stake in the consortium, which also includes Schleith, building the link. Civil design is being handled by Ed Züblin meanwhile. The new Kriegsstraße vehicle tunnel in Karlsruhe will carry two lanes of road traffic underground, while providing a surface connection for trams, pedestrians and cyclists. The tunnel construction forms part of the wider Kombilösung public transport infrastructure
A South Korean contractor will carry out construction work on a project in Mozambique. The package of works is worth US$44.1 million and will be carried out by the South Korean contractor, POSCO Engineering & Construction (POSCO E&C). The contract was awarded by the Mozambique Government and will see the upgrading of a 70km road that is unsurfaced at present. The work will take 30 months to complete and the contractor will pave and widen the road link, boosting traffic speeds, capacity and safety on the rou
