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Obrascon Huarte Lain (50ML)

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Wednesday 28 September, 2011

Obrascon Huarte Lain

Turquish Railway Contract

RNS Number : 0860P
Obrascon Huarte Lain, S.A.
28 September 2011
 



London Stock Exchange

 

Madrid 28 September, 2011

 

 

Ref.: Notification of Significant Event: Turquish Railway Contract

 

 

Dear Sirs,

 

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

 

In relation to the news that appeared in the media today concerning the contract for the railway access to the Bosphorus tunnel in Turkey, the company reports that said contract is currently in its last phase in the process of signature.

 

Obrascon Huarte Lain, S.A. participates in this competitive tender as a member of the consortium OHL-DIMETRONIC, JV with a 70% stake, the object of the contract is the construction and improvement of the new railway line that communicates Istanbul through the Bosphorus Strait, including the restructuring of the railway access on both sides of the Turkish capital's coast, the contract price is of approximately 1.0 billion euros. The contract has a 3 year term.

 

 

 

Yours faithfully,

 

 

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

 


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