COLAS (EPA:RE) - PR Colas - Motorway contracts in Hungary
Transparency directive : regulatory news
04/01/2018 17:50
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PRESS RELEASEBoulogne, January 4, 2018
Colas secures three motorway contracts in Hungary for a total of 330 million
euros
Colas' Hungarian subsidiaries won three contracts for the construction of road
and motorway sections in the northeast of the country for a combined total of
330 million euros.
The first contract involves the construction of a new section of the M30
Motorway, which will link the city of Miskolc to the Slovakian border.
Stretching 24.2 km between Szikszó and Encs, the section includes two
interchanges and 21 engineering structures, for a total of 242 million euros.
Work is slated to begin in August 2018 after a design phase and will last 3
years.
The other two contracts concern the construction of two new contiguous sections
on the M25 South Motorway, northeast of Budapest:
- section 1, with a length of 7.1 km, for an amount of 61 million euros;
- section 2, 7.5 km long, performed in consortium with the company HE-DO, for
an amount of 27 million euros (Colas' share, i.e., 50% of the contract).
These three projects are funded by the European Union.
The Colas Group (www.colas.com)
Colas, a subsidiary of the Bouygues Group, is a world leader in the
construction and maintenance of transport infrastructure, aiming to meet the
challenges of mobility, urban development and environmental protection. With
55,000 employees in more than 50 countries on five continents, the Group
performs some 90,000 projects each year via 800 construction business units and
2,000 material production units.
In 2016, consolidated revenue at Colas totaled 11.0 billion euros (48% outside
of France). Net profit attributable to the Group amounted to 355 million
euros.
For further information:
Delphine Lombard (tel.: + 33 6 60 07 76 17)
Rémi Colin (tel.: +33 7 60 78 25 74)
contact-presse@colas.fr
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