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CZECH REPUBLIC: Joint venture construction contract award for planned $118,000,000 airport terminal, SKANSKA AB [Sweden] & BAU HOLDING STRABAG AG [Austria] - Order #: 120803.

Article Excerpt
PROJECT OVERVIEW:

The local CZECH AIRPORT AUTHORITY recently awarded an airport terminal construction contract to a Swedish/Austrian joint venture. The partners in the planned undertaking and their respective shareholdings include Sweden-based SKANSKA AB (72.5%) and BAU HOLDING STRABAG AG of Austria (32.5%).

According to the terms of the award, the partnership will be responsible for building a new terminal at the Ruzyne International Airport in Prague, Czech Republic. The new facility will be built on 2 levels and encompass a total area of 28,690 square meters. The building will house departure and arrival halls and will be linked with existing terminal buildings.

The cost to complete the project has been estimated at $118,000,000. Financing is being arranged through the EUROPEAN INVESTMENT BANK (EIB).

SKANSKA employs a total staff of about 79,300. The company is considered to be one of the leading construction companies of Europe and North America. It is also involved in the manufacture and marketing of building materials as well as prefabricated building components and installation products including air treatment units, heat pumps and exchangers.

STRABAG employs a total workforce of approximately 30,000 and operates as a holding company. The...

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