01 December 2012

Award of railroad project budgeted at €79.1 m (33,34% participation) in the Peloponnese

A joint venture comprising J&P-AVAX, AEGEK Construction and Intrakat SA, in which our Company participates with a 33.34% stake, signed with ERGA-OSE SA on 31.01.2012 a contract for the project titled «Construction of infrastructure for the new twin railway line in the section marked from 73+135 to 79+750 (80+493 in new line), railway stations and stops (buildings, platforms, covers and landscaping) and E&M installations of roadworks in the Kiato-Rododaphni section”, budgeted at €79.1 m (excl. revisions and VAT).

The project pertains to the construction of the infrastructure for an approximately 7-km section of the new high-speed rail line, along with all related railway and road works, bridges, underpasses, sewerage, irrigation and other smaller technical works.

It also includes the passenger building, covers, foot underpasses, E&M installations and landscaping at three railway stations and six minor railway stops along with all road lighting installations in the Kiato-Rododaphni section in Northern Peloponese.

The contract sets a 30-month deadline for completion of works.

Marousi, February 01, 2012