Peab expands the net of roads in Göteborg

Peab has been commissioned in collaboration with the Swedish Transport Administration to prepare for the rebuilding of the national and regional road net in northern, eastern and southern Greater Gothenburg. The customer is the Transport Administration and the total contract is worth about SEK 250 million.

The work consists mainly of the construction of bus lanes, adding lanes, highway stops, interchanges and trimming steps. The project is within the western Swedish infrastructure package. Work will commence in the first quarter of 2011 and is scheduled for completion in December 2012.

Peab will also perform earth moving and other preparations for the introduction of congestion charging in Gothenburg. The client is the Transport Administration and the contract amounts to SEK 70 million.

 

For further information, please contact:

Johan Halvardsson, Region manager Peab +46 733 723068

Gösta Sjöström, CIO Peab +46 733 371010

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 10.00 am on 24 January 2011.

Previous press releases from Peab are available at www.peab.com

Peab is one of the leading construction and civil engineering companies in the Nordic countries with a net sale exceeding SEK 35 billion and approximately 13,000 employees. 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.