FÖRSLÖV, Sweden--(BUSINESS WIRE)--Regulatory News:
Peab has been contracted to build the railway line between Barkarby and Kallhäll in the Mälarbanan project. This is the first stage of the expansion between Tomteboda and Kallhäll in northwestern Stockholm. The work will be done in close collaboration with the Swedish Transport Administration and the project engineer Vectura.
The client is the Swedish Transport Administration and the order value amounts to SEK 1.18 billion.
On the eight-kilometer route will Peab perform soil and track work for four new tracks, widening of existing railway bridges, cable diversions, retaining walls and more.
"This is an important project for infrastructure in the Mälardalen area and this creates a continued stability in the region. Peab will here use the experience and competence which have been developed in earlier railway projects, "says Roger Linnér, manager business area Civil Engineering Peab.
Work will begin in spring 2013 and is scheduled for completion in 2016. The Mälarbanan railway goes north of Lake Mälaren from Stockholm via Västerås to Örebro.
Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.
The information was submitted for publication at 0.45 p m on 7 February 2013.
Peab is the Nordic Community Builder with some 15,000 employees and more than SEK 40 billion in net sales. 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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