Peab Builds Collision-Free Road Path in Västmanland

Regulatory News:

Peab (STO:PEABB)

Peab has been contracted to build a new collision-free stretch of road 252 between Hallstahammar-Surahammar in Västmanland County. The customer is Swedish Transport Administration and the contract amounts to approximately SEK 135 million.

The contract covers about 8 km new road where the road's lanes separated by a median barrier. The project also includes new connection to Hallstahammar and four bridges.

- We are very pleased to have the confidence of Trafikverket to build the road 252 in a completely new route. When the road is clear, our actions involve a much safer way for all residents and passers-by in the region, says Berth Larsson, Regional Manager at Peab.

The developing of the road improves the road's function commute and the connection between roads 66 and E18 as well as reducing traffic impact of the aquifer at Rävnäs.

Road 252 between Hallstahammar and Surahammar is an important regional liaison but now has problems with accessibility and traffic safety. The road is only six meters wide and winding.

Work will begin in summer 2015 and will be completed in Autumn 2017.

The project was reported in the first quarter 2015.

Peab is the Nordic Community Builder with some 13,000 employees and net sales exceeding SEK 43 billion. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.

This information was brought to you by Cision http://news.cision.com