17/2020 - Information about the conclusion of an agreement in the bridge construction sector

The Management Board of Trakcja PRKiI S.A. (”Company”, “Issuer”) hereby informs that today it was notified about a bilateral signing of an agreement on 7 May 2020 by Company and the Wroclaw Municipality, represented by Wrocławskie Inwestycje Sp. z o.o. based in Wroclaw, for the performance of construction works included in the scope of the contract relating to the task entitled: “03940 – The construction of the B. Chrobry bridges within the route of the voivodeship road no. 455 in Wroclaw” (”Works”), including: design and performance of the works by the Company in the scope defined by the contract

The planned investment includes the construction of two new road bridges in Wroclaw and linking the bridges with the surrounding streets, within the route of the voivodeship road no. 455, as well as the construction and/or reconstruction of the gas network, the water supply network, the rain water system, urban teletechnical systems, and the electrical grid with lighting.

The agreement’s net value is PLN 56,732,013.61. The works are to be completed  within 24 month from the date of signing the Agreement. The preparation of the complete project documentation an obtaining the final permit for the performance of a road investment (ZRID) is to be completed within 10 months from the date of the agreement. Other terms of the Agreement do not differ from contractual terms that are usually used for this type of agreement.

The Issuer’s Management Board decided to publish this notice because the performance of the aforementioned contract constitutes a significant step towards diversification of the Company’s activity and its engagement in investments related with bridge construction.

Legal basis:

Article 17 of the Market Abuse Regulation (MAR)