The company OHL ŽS is involved in a contract in Hungary for 1.09 billion CZK

Prague - The Consortium of Companies Cegléd Station, led by the Czech company OHL ŽS, today commenced work on the reconstruction of the local railway station in Cegléd, Hungary. The total value of the contract, which will be carried out from this July until the end of 2007, amounts to 38.25 million euros (1.09 billion CZK). This was stated by the company OHL in a press release today.
The consortium won the contract in an international tender announced by the Hungarian Ministry of Transport and the Hungarian Railways MÁV ZRt. The reason for the reconstruction of the railway station is the necessity to adapt the track for interstation transport speed of 140 km/h and at the same time increase the safety of passengers. The station in Cegléd is located on the Budapest - Solnok line with a branch line to Kecskemét and is part of the construction of an international railway corridor towards the Romanian borders.
The reconstruction of the station's tracks includes, among other things, the replacement of rails and switches, reconstruction of four level crossings, modification of drainage at the railway station, adjustment of the pedestrian bridge, construction of an underpass and platforms, modernization of traction wiring, lighting of the station area, and safety devices.
The Brno company has already participated in Hungary in the reconstruction of a historic tram depot in the center of Budapest. The contract, valued at approximately 183 million CZK, was completed in June this year.
The joint-stock company OHL ŽS (originally ŽS Brno) is one of the largest and most significant construction companies in the Czech Republic. It is part of the international Spanish construction and investment group OHL (Obrascón Huarte Lain). Last year, OHL ŽS's revenues increased by 18.5 percent to 7.31 billion CZK according to international accounting standards. The company's profit doubled to 238 million CZK. The company also operates abroad, for example in Bulgaria, Greece, Montenegro, Croatia, Bosnia and Herzegovina, Hungary, Azerbaijan, and Slovakia.