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2015-12-15

Peab: Peab contracted for project Olskroken

Olskroken is a central hub in the railway system in Gothenburg and
West Sweden. Five lanes meet here and traffic consists of passenger
and freight trains, which make this place one of the most intensive
hub for rail in Sweden. Project Olskroken means that new tracks will
be built to separate freight from passenger services. A renovation in
Olskrogen, so that the railroad tracks cross each other in different
levels, is necessary and will raise the capacity and increase the
accessibility and reliability for all rail traffic to and from the
connecting paths.

Procurement of project Olskroken is performed under contract model
ECI, Early Contractor Involvement. Peab in therefore involved in the
early stages and is responsible for the detailed design prior to
construction, which is scheduled for the year 2017/2018. The project
is planned to last until the 2024.

Project Olskrogen is divided in two phases. In phase 1, the
collaboration organization implement planning, design, preparation of
target price and more. Work on Phase 1 has commenced and when
finalized Phase 2 will begin, which includes a turnkey contract with
the detail design and construction.

The project will be reported after the final determination of the
contract price between the parties.

The customer is Swedish Transport Administration.
For further information, please contact:
Berth Larsson, region manager Peab + 46 733 374894
Gösta Sjöström, CIO Peab +46 733 371010
Peab is the Nordic Community Builder with some 13,000 employees and
net sales exceeding SEK 43 billion. The Group has strategically
located offices in Sweden, Norway and Finland. The share is listed on
NASDAQ Stockholm. The registered office of the Group is at Förslöv,
Skåne in south of Sweden.

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http://news.cision.com/peab/r/peab-contracted-for-project-olskroken,c988...
http://mb.cision.com/Main/424/9884770/457009.pdf

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