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Coronavirus forces Strabag to slash dividend
24 April, 2020
Construction firm Strabag’s management board has proposed to its shareholders a conditional dividend of just €0.90 per share. This is exactly half the €1.80 per share that would have been justified by the firm’s 2019 net income of €371.7m (after minorities).
Tunnelling starts under Toronto highways
08 January, 2020
Ontario – Metrolinx announced tunnel work has begun under highways 401 and 409 for its new train tunnel. Considered one of the busiest sections of highway in North America, according to Metrolinx, which released a video on December 16 showcasing the SEM construction below 21 live lanes of traffic.
Strabag to build Ashbridges Bay feeder tunnels
19 November, 2019
Ontario – The City of Toronto awarded Strabag a CAD 120M contract for the second section of the Ashbridges Bay project, the contractor announced November 18.
Progress update from Isarco River Underpass
07 November, 2019
Italy – Salini Impregilo, Strabag, Consorzio Integra and Collini Lavori have completed 70% of the excavation work on the southernmost lot of the Brenner Base Tunnel project. This amounts to 3,800m of excavation as Tunnels and Tunnelling goes to press.
TAC Directors’ Reports / Quebec and Maritimes
22 October, 2019
Every autumn the TAC directors report on projects and activities in their regions.
Hatta pumped storage project contract awarded
16 October, 2019
UAE – A Strabag-led consortium will design, build and commission the Hatta pumped storage project (PSP) in Dubai. Strabag, along with partners Andritz of Austria and Ozkar Insaat of Turkey will build the EUR 340M scheme for the Dubai Electricity and Water Authority.
Life with the Seri Nala
30 September, 2019
With excavation complete, engineers from the Afcons side of the Strabag- Afcons joint venture recall the most challenging moments from the southern drive of the Rohtang Tunnel. Alex Conacher reports
27 September, 2019
A round-up of tunnel work in the Nordic Forum
Strabag to renovate the south section of Budapest's M3 metro line
22 March, 2019
Hungary – The European construction group Strabag, through its Hungarian subsidiary, announced it has won the contract to rehabilitate the southern section of the M3 metro line. The contract value totals HUF 24.7bn (USD 89M). In addition to the renewal of five stations and passenger areas, the track structure is also being modernised. The work should be completed in 2020.
First Sirius Minerals TBM set to arrive
13 February, 2019
Great Britain – The first Herrenknecht TBM for the York Potash Project’s Mineral Transport System (MTS) tunnel is undergoing final checks at the factory is due to arrive in February 2019. The 23-mile (37km) tunnel and will be excavated in three separate drives by Austrian contractor Strabag. The first of which will stretch for 8 miles, with the remaining 15 coming following subsequent TBM launches in 2020.
TAC Directors’ Annual Reports
26 October, 2018
Each regional director for the TAC writes a report in October sharing the status of work and forthcoming projects in the five chapters across Canada
Sirius Minerals announces updates to York Potash costs
11 September, 2018
Great Britain – Sirius Minerals has signed a design and build contract with Strabag for the remaining mineral transport system (MTS) drives on the York Potash Project. Ground and risk assessments will see the cost increasing by USD 400-600M.
Boyneburg tunnel contract awarded
23 August, 2018
Germany – Züblin has been awarded the contract to build the Boyneburg tunnel. The tunnel is part of the 6km-long third section of the A44 highway in central Germany, which was let in July for EUR 183M.
21 June, 2018
Paola De Pascali talked with Raffele Zurlo, CEO for the Italian part of the Brenner Base tunnel client, about the challenges at the Isarco River underpass, a tunnel to the south of the main Brenner bore
25 April, 2018
Paola De Pascali speaks to engineers working to improve the highway network in central Italy
Kier and Eiffage pick up Carillion HS2 work
31 January, 2018
Great Britain - Following the total collapse of one of Britain’s largest contractors, Carillion, Kier and Eiffage have picked up its HS2 work. The companies, which were in joint venture with Carillion to deliver GBP 1.4bn of projects in the HS2 programme, confirm that they are offering employment to the 51 Carillion employees including apprentices, currently working on the HS2 joint venture.
Toronto Tunnel Partners selected for Highway 401 project
01 November, 2017
Canada - EllisDon Civil announced October 23 that Toronto Tunnel Partners (TTP) has been selected as the preferred proponent to design, build, and finance the development of an upgraded rail tunnel project by Infrastructure Ontario (IO) and Metrolinx. TTP is an equal partnership joint venture between EllisDon Civil and STRABAG Inc. and was selected following an extensive procurement process which began in September of 2016.
DTSS awards Phase 2 tunnel contract
13 September, 2017
Singapore – Zublin, a subsidiary Strabag, announced today it has been hired by PUB, Singapore’s national water agency, to build 11.9km of tunnels for the sewerage system of the city. The contract is a part of the Deep Tunnel Sewerage System (DTSS) Phase 2 project and worth EUR 309M (USD 370M).
HS2 Phase One Stage One winners announced
17 July, 2017
Great Britain - The High Speed Two project has announced the winning bidders to construct the first stage of the first phase of the project, which is split into three ‘Areas’.
Strabag boasts record order book
01 June, 2017
Austria - Contractor Strabag announced that its order backlog on 31 March 2017 had passed the EUR 16bn mark for the first time in the company's history. The full value of the work was EUR 1,611,313,000.