Jan 19 2010
HOCHTIEF as member of a joint venture has been awarded the contract to extend Prague‘s metro: The subsidiaries HOCHTIEF Construction and HOCHTIEF CZ take on the project with a total volume of approximately EUR 500 million together with a partner. The HOCHTIEF share amounts to roughly EUR 190 million. Construction will start in a few weeks from now and be completed in 2014.
As part of the construction contract, the Czech capital’s metro line A to the airport will be extended by a total of 6.2 kilometers. To this end, the HOCHTIEF companies will carry out drill-and-blast tunneling works and build two of the four underground stations. In addition, they will provide the adjoining above-ground infrastructure such as a bus terminal and the exterior facilities. "The market for infrastructure projects in Central and Eastern Europe continues to be stable. We are excellently positioned in these regions and bring in key competences - such as tunneling in this case," says Henner Mahlstedt, Chairman of the Executive Board of HOCHTIEF Construction.
Source: http://www.hochtief.com/hochtief_en/0.jhtml