EANS-News: Strabag to build Thiba Dam in Kenya
Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
- Contract value of € 72 million
- Dam to secure water supply
Contracts
Nairobi - STRABAG, the publicly listed technology group for construction services, has been commissioned to build the Thiba Dam in Kenya, which will help secure the year-round water supply for the country's agriculture. "The 40 m tall and 1 km long dam being built about 130 km northeast of the Kenyan capital of Nairobi will create a reservoir that will allow a second harvest every year in the surrounding cultivable area," explains Thomas Birtel, CEO of STRABAG SE.
The contract value translates to the equivalent of approximately EUR 72 million and also includes the connection to the existing road network as well as facilities for water draw-off and safe floodwater drainage. The construction for the project, being carried out largely through international financing, is scheduled to last around 45 months. The contractual start of construction is expected to take place in early October 2017 latest.
end of announcement euro adhoc
Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2246/5/10036104/1/STRABAG_Damm_Kenia_August2017_e.pdf
issuer: STRABAG SE Donau-City-Straße 9 A-1220 Wien phone: +43 1 22422 -0 FAX: +43 1 22422 - 1177 mail: investor.relations@strabag.com WWW: www.strabag.com ISIN: AT000000STR1, AT0000A05HY9 indexes: WBI, ATX, SATX stockmarkets: Wien language: English
Digital press kit: http://www.ots.at/pressemappe/4106/aom
Rückfragen & Kontakt:
STRABAG SE
Diana Neumüller-Klein
Head of Corporate Communications & Investor Relations
Tel: +43 1 22422-1116 diana.klein@strabag.com
