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Obrascon Huarte Lain (50ML)

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Wednesday 26 October, 2011

Obrascon Huarte Lain

Saudi Railway Contract

RNS Number : 9072Q
Obrascon Huarte Lain, S.A.
26 October 2011
 



London Stock Exchange

 

Madrid 26 October, 2011

 

 

Ref.: Notification of Significant Event: Saudi Railway Contract

 

 

 

Dear Sirs,

 

 

The company, OBRASCON HUARTE LAIN, S.A. (OHL), in compliance with current legislation, hereby reports the following Significant Event:

 

 

Today the government of the Kingdom of Saudi Arabia through the Saudi Railway Organization (SRO), has notified that the execution contract of the project called Phase 2 - Haramain High Speed ​​Rail Project, which includes the construction of a railway between the cities of Mecca and Medina in Saudi Arabia, signalling and telecommunication systems, electrification, control operations centre, the supply of 35 trains, and operation and maintenance for a period of 12 years (the "Contract"), has been awarded to a consortium called Al Shoula Consortium of which OHL is a part of.

 

OHL will essentially perform the civil works determined within the Contract for an approximate price of 590 million euros. The execution of these works will take place over a period of approximately 50 months.

 

 

Yours faithfully,

 

 

José María del Cuvillo Pemán
Vice-Secretary of the Board of Directors
 

 


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