16/2018 - Information on the conclusion of the agreement

The Management Board of Trakcja PRKiI S.A. ("Company", "Issuer") informs that the Company, acting as the Leader of the Consortium has today signed a contract with the General Directorate of National Roads and Motorways with its registered office in Warsaw, covering the execution of construction works envisaged within the project of the development of a "Design and construction of the S61 express road Szczuczyn - Budzisko (Greek state) with the division into tasks: Task No. 2: section Ełk Południe junction - Wysokie junction (along with an outlet within national road 16)" (hereinafter the "Agreement"). The subject of the contract is the design and construction of the S61 expressway on the section from the Ełk Południe junction (without a junction) - to the Wysokie junction (no junction), about 20 km long with the outlet national road 16 from the Ełk Wschód junction - to the Elk ring bypass about 3.4 km.

The net value of the contact is PLN 557.7 million. The works are to be completed within 29 months beginning with the date of the conclusion of the agreement, excluding winter periods during the performance of works. Other terms and conditions of the agreement are similar to those commonly used for this type of agreements.

The Issuer's Management Board has decided to publish this information, as the Issuer's share in the value of the Agreement constitutes an important share in the Issuer's portfolio of contracts to be completed on the road market, and affects the maintenance of the Issuer's current and the improvement of future revenues and results.

Legal basis:

Art. 17 MAR