Peab to Build a Double Track along Nynäsbanan

Peab has been contracted to a turnkey contract to build the rail line Hemfosa-Tungelsta in Haninge with double track. The client is the Swedish Transport Administration and the contract amounts to about SEK 229 million.

The project also includes the construction of two new railway bridges, two new pedestrian and cycle bridges, and a new station building on the existing platform in Tungelsta.

The expansion of double track on the route Hemfosa-Tungelsta is the final decision stage in efforts to improve travel for rail commuters on Nynäsbanan between Nynäshamn and Stockholm Central.

- We are pleased and proud to have gained the confidence to expand the railway. We will use our past experience and our expertise developed in already implemented railway projects, says Bengt Johansson, Regional Manager at Peab.

Construction is scheduled for December 2014 and the project is scheduled for completion during 2017.

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 on 20 November 2014 at 09.00 a.m.

For further information, please contact:
Bengt Johansson, Regional Manager Peab, +46 733 37 26 66
Niclas Brantingson, CIO Peab, +46 733 37 20 06

 

Peab is the Nordic Community Builder with some 13,000 employees and net sales exceeding SEK 40 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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Peab is a leading Nordic construction and civil engineering company with about 15,000 employees and SEK 50 billion in net sales. The Group has strategically placed offices in Sweden, Norway and Finland. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on NASDAQ Stockholm.

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