STRABAG’s Hungarian subsidiary has secured a €72m infrastructure contract to build and modernise a 7.5km bypass road in the city of Veszprém.
To be carried out in two phases, the project includes strengthening the load-bearing capacity of the road and to widen the road into four lanes with a structural separation between the carriageways.
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While the first phase is expected to be completed by next December, the second phase is scheduled for completion in early 2023.
Strabag CEO Thomas Birtel said: “Hungary is a very important market for us, not only historically – we have been operating there since 1989 – but also in terms of our current output. It is infrastructure projects such as this that have made Hungary our fourth largest country in terms of output volume.”
Other projects undertaken by Strabag in Hungary include the modernisation of the southern section of the M3 metro line in Budapest. In March last year, Strabag’s subsidiary Strabag ÉpítőipariZrt had won a €76m contract to rehabilitate the southern section of the M3 metro line along with the renewal of five stations and passenger areas and modernisation of the track structure.
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The company is also into industrial construction for Swiss automotive supplier REHAU. The contract, valued at €50m, was secured in September 2018. As per the contract, Strabag will build a 63,000m² facility in Újhartyán. As per the company, the work will take about 15 months to complete.
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By GlobalDataIn the same year, the company had also secured a €167m contract to build a section of the M85 expressway between Csorna and Sopron in Hungary and is expected to be completed within a period of 36 months.
The company is also working on lighthouse projects for the cultural sector. One such project is the Eiffel Hall in Budapest, which was renovated and turned into an art centre for classical music.
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Rendering of the dual carriageway road with median (Credit: NemzetiInfrastruktúraFejlesztőZrt.)
