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Mon July 15 2024

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Spanish team lands $2bn Russian rail deal

12 Dec 11 Spain’s OHL Group has won a contract to build the €1.95bn (£1.67bn) Polar Urals railway in Russia.

The Polar Ural contract involves construction of 390km of railway and is the largest construction project in OHL’s history.

Work will be carried out by OHL’s Czech subsidiary OHL ZS. The developer of this project is Jamal Railway, which is owned by Russian Railways, Gazprom and Polar Urals Corporation, KUPUP.

OHL ZS is the prime contractor for the project, whose implementation will start after the closure of the full funding arrangment. The contract is closely connected with the signing of a mandate by the Czech Export Bank to finance the project with Russian banks.

Work also includes the construction fo a 2.5km viaduct. The contract term is four years and the project has been divided into three sections for its execution. Several Czech contractors will also be involved. 

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