Peab to Build Railway in Värmland and Västmanland

Regulatory News:

Peab has been contracted to build a new railway between Daglösen and Ställdalen in Värmland and Västmanland. The contract also includes new construction and renovation of operating stations. The customer is Swedish Transport Administration and the contract amounts to approximately SEK 170 million.

Peab will build on the second phase of the railway between Kil-Ställdalen. Phase two is the distance between Daglösen and Ställdalen. The assignment includes the construction of two new passing stations in Herrhult and Kejsarbäcken and refurbishment of existing crossing station in Hällefors. And line blocking and remote blocking between Daglösen and Ställdalen. - We are grateful for the trust to expand the railway. We will use our past experiences and our expertise developed in the already implemented railway project, says Berth Larsson, Regional Manager Peab. Work will begin immediately and will be completed in Autumn 2016. 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.

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