Saudi Railway Contract (9072Q)
26 Octubre 2011 - 10:12AM
UK Regulatory
TIDM50ML
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,
Jose Maria del Cuvillo Peman
Vice-Secretary of the Board of Directors
This information is provided by RNS
The company news service from the London Stock Exchange
END
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