MYTILINEOS signs new Contract for the Suburban Railway extension of section Isthmos- Loutraki

Athens, Greece - 5 June 2019 -MYTILINEOS S.A. ΑΕ. (RIC: MYTr.AT, Bloomberg: MYTIL.GA) in a Joint Venture with XANTHAKIS S.A. announces the signing of the A.S. 1509 contract with ERGA OSE S.A., for the «Modernization of the existing metric single railway line of Isthmos – Loutraki including electrification».

The project refers to the extension of the Suburban Railway line to the section Isthmos-Loutraki, with electrification, in order to be interconnected with the existing high-speed suburban railway line of Athens Airport-Corinthos-Kiato-Aegio.

MYTILINEOS has already established a strong track record with ERGA OSE, through the recent rail construction project for the Kiato - Aegio section which is currently in its first trial run, thus demonstrating its wide expertise in complex projects.

This is the first electrification project for MYTILINEOS through which the Company will gain important technical expertise and know-how to leverage for future projects.

Aside from the track works with electrification, the joint venture MYTILINEOS -XANTHAKIS has undertaken the renovation of existing building facilities of the Isthmos Rail Station, as well as its surrounding areas. In addition, new platforms will be constructed in the Isthmos Station and the Rail Stops of Kazino and Loutraki, in addition to the installation of modern automatic Level Crossing systems.   

The Contract for the project was signed on the 4th of June and the duration of the project is 18 months from the signing date.

The Contract value net of VAT is €6.4m and is financed by the Greek Public Investment Plan.

 

For more details, please contact:

+30 210-6877346 | Fax +30 210-6877400 | E-mail Antigoni.Fakou@mytilineos.gr

About MYTILINEOS:

MYTILINEOS S.A. is a leading Greek industrial company active in Metallurgy, Power & Gas and EPC & Infrastructure Projects. Established in Greece in 1990, the Company is listed on the Athens Exchange, has a consolidated turnover in excess of €1.5 billion and employs directly and indirectly more than 2,900 people in Greece and abroad.

For more information please visit:www.mytilineos.gr | Facebook | Twitter | YouTube | LinkedIn

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