Oct 1 2009
Peab has been contracted to implement the expansion of the port of Gävle. The customer is Gävle Hamn AB. The budget for the project as a whole is 870 million and Peab's share amounts to approximately SEK 500 million.
Peab's mission is a partnering contract with the start of construction this year and is expected to last until 2015. The work includes dredging and stabilization of dredge spoil and other port activities.
- Gävle port has had a significant expansion in recent years. Now, the establishment must be adapted to the growth in activity. I'm pleased that we at Peab have been partnering this mission, "says Anders Jonasson Peab's Regional Manager in a statement.
Peab is one of the leading construction and civil engineering companies in the Nordic countries with a net sale exceeding SEK 35 billion and approximately 13,000 employees. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.
Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 10.00 a.m. on 1 October 2009.
Source: http://www.peab.com/