PORR with new infrastructure projects in Poland and Norway . Total order volume: around EUR 220m

Vienna/Warsaw, 19 November 2015 – PORR has acquired three exciting new tenders within a very short time frame: Poland’s General Directorate for National Roads and Motorways has once again opted for the construction company’s expertise and has charged the local subsidiary PORR Polska Infrastructure S.A. with building new sections on the S6 and S17 expressways. The Norwegian team has acquired another bridge construction project in Norway for their order book. The order value for the three new projects totals around EUR 220m.
 
“The latest business developments in Poland and Norway show that our intelligent growth strategy is paying off step by step. We are pursuing a considered, risk-optimised expansion in line with the motto “Know your market, know your customers”. The purchase of Bilfinger Infrastructure S.A. this summer is a prime example of this: the market knowledge and expertise of our new colleagues backed up by the competencies and flexibility of PORR as the parent company are opening up new opportunities for our clients as well as for us as a construction company. The fact that we have won three new construction projects in Poland and Norway, in the space of just a few weeks, shows that we are on the right track”, said Karl-Heinz Strauss, CEO of PORR AG.
 
At the beginning of November 2015 PORR was awarded a tender by Poland’s General Directorate for National Roads and Motorways to build a section of the S17 with a length of more than 20km. The expressway will link Warsaw and the Ukrainian border via Lublin. The tender awarded to PORR relates to the section from the Skrudki intersection to the border between the two Voivodeships of Masovian and Lublin. Construction will begin as early as December 2015 and is expected to take 34 months to complete; the tender is worth around EUR 120m (PLN 495m).
 
The section Kołobrzeg-West – Ustronie Morskie of the S6 expressway in Poland is another tender acquired by PORR. With a value of EUR 66m (PLN 279m), the order involves building a section of the S6 with a length of around 15km and a dual-carriageway bypass of around 1.9km from Kołobrzeg, as well as two intersections, service roads and green bridges. Construction is also set to start in December this year and the project should be completed within 37 months.
 
In mid-November PORR signed a contract in Norway to build what is now the company’s fourth bridge in the northern kingdom. The works will involve removing the ageing Loftesnes-bridge in Sogndal and building a new bridge with access roads, a junction and a roundabout. The construction project will be realised in cooperation with a local Norwegian partner and is worth around EUR 28m (PLN 105m). The project was submitted under the name Bilfinger Infrastructure S.A. and the name is set to be changed to PORR Norge Infrastructure in the coming weeks.
 
PORR announced the expansion of its presence in Poland and Norway in August this year. The ac-quisition of Bilfinger Infrastructure in Poland also allowed the Group to acquire the subsidiary in Norway, along with three existing bridge projects there, which have now been joined by a fourth. The opening of the Tresfjord Bridge – a joint project of PORR and Implenia – at the end of October marked the completion of the first of these projects.