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HOCHTIEF wins $1.04bn contract for 26km East Link rail expansion
Yahoo Finance· 2026-03-11 09:09
Core Viewpoint - HOCHTIEF has secured a significant contract valued at approximately €900 million ($1.04 billion) for the design and expansion of a 26km segment of the East Link railway near Stockholm, Sweden, marking a major infrastructure investment in the region [1][2]. Group 1: Project Details - The project, known as OL31 Vagnhärad, is part of a larger 160km double-track East Link connection between Järna and Linköping, which is considered Sweden's largest infrastructure investment in recent history [2]. - The scope of work includes the design and construction of multiple tunnels, large bridges, and a train station [2]. Group 2: Company Position and Future Projects - HOCHTIEF's CEO, Juan Santamaría, emphasized the company's capabilities as a leading infrastructure and services provider, contributing to the growth of efficient and sustainable transport infrastructure in Northern Europe [3]. - In addition to the Swedish contract, HOCHTIEF is involved in several high-speed rail projects globally, including a section of the California High-Speed Rail in the US and the Logan and Gold Coast Faster Rail project in Australia [3]. - In Germany, HOCHTIEF has a contract with Deutsche Bahn for the expansion of a 42km double-track line along the Rhine, scheduled from July to December 2026, which includes renovations and upgrades at various train stations [4].