Sweco wins contract to upgrade Sweden’s busiest stretch of railway

Regulatory News:

Sweco (STO:SWECA) (STO:SWECB) has been commissioned for the large-scale task of upgrading and modernising the railway between Stockholm’s Central and Southern stations, the so-called Getingmidjan, or "wasp waist”. The contract is worth around EUR 10.9 million for Sweco.

"Getingmidjan is Sweden’s most heavily trafficked stretch of railway, carrying over 600 trains every day. The fact that Sweco has been selected for this extraordinarily complex and sensitive assignment is a clear acknowledgement of our strong expertise in railway and civil engineering,” says Tomas Carlsson, President and CEO of Sweco.

The existing facilities were built in the 1950s and are fast approaching the end of their technical lives. The project includes renovation of bridges and other civil engineering structures and replacement of the railway infrastructure. The renovation will be enabled by opening of the new City Line, which will make it possible to close the stretch for eight weeks during the summers of 2018-2020. Sweco is taking part with a wide range of experts in everything from railway and civil engineering to architecture, environment and project management.

"The renovation is one of the most important infrastructure measures that is currently being planned in a national perspective. And although the stretch is located in Stockholm, this initiative is critical in ensuring smooth functioning of rail traffic throughout the country,” says Kent Sahlman, Project Manager at the Swedish Transport Administration.

Sweco’s work will begin work immediately and the contract is expected to run until 2021.

Sweco is the Nordic region’s leading provider of services for sustainable engineering and design. Together, our 9,000 engineers, architects and environmental experts develop sustainable and value-creating solutions for clients and society. Sweco is one of Europe’s ten largest consulting engineering companies and conducts annual project exports to 80 countries worldwide. The company has annual sales of approximately SEK 9 billion and is listed on Nasdaq OMX Stockholm AB.

The information contained herein is subject to the disclosure requirements in the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 4 July 2014, 09:00 a.m. CET.

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