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Applications of Solmax’s Geosynthetic Drainage Design Tool: Drainage Geonets & Geocomposites in Solid Waste Containment Facilities

ILF: New Order for Innovative Power Project by TAL

By the end of 2016, a flagship power project, which is thought to be the only one of its kind in the world, is scheduled to be taken into operation. The Transalpine Ölleitung in Österreich Ges.m.b.H. (TAL) plans on using the steep pipeline gradient between Felbertauern and Mittersill to generate electric power by means of a turbine.

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BAM contributes to Austrian Hydroelectric Power Station

Wayss & Freytag Ingenieurbau, the German tunneling specialist of Royal BAM Group nv, has won a joint venture contract worth around € 14 million, for the construction of a turbine building as part of an hydroelectric power scheme in Austria. The power station is expected to be operational by 2018.

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Porr Bau GmbH and MC-Bauchemie are awarded the Innovation Prize at Tunnel Day 2014

In the course of this year's Tunnel Day on 8 October 2014, the Austrian national committee of the International Tunnelling Association (ITA) has awarded its Innovation Prize to Porr Bau GmbH and MC-Bauchemie Müller GmbH & Co. KG. Porr and MC-Bauchemie con-vinced the independent panel of experts with a novel method for improving the production of earth pulp for earth pressure balance shields, broadening the range of application and significantly reducing the strain on the environment through the addition of conditioning agents. The two companies have already registered this method for patent approval. Also, the method is already being applied - at the construction of the world's most modern sewage water system, the Emscher project.

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Salini Impregilo and Strabag signed Agreement for the Construction of the "Isarco River Underpass" of the Brenner Base Tunnel

Salini Impregilo, in consortium with its Austrian partner Strabag, and the client BBT SE – Brenner Base Tunnel/Brenner Basistunnel – signed the agreement to commence works for the construction of the "Isarco River Underpass" of the Brenner Base Tunnel, one of the most challenging lots of the entire project in engineering and financial terms, and worth about €300 million.

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Dannemora Mineral: LoI with VoestAlpine

Dannemora Mineral has signed a letter of intent with the Austrian steel group voestalpine for deliveries of iron ore products. Deliveries cover about 300,000 tonnes of fines annually, equivalent to a quarter of Dannemora Mineral’s current production.

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Bilfinger Technology for Austrian hydroelectric Power Plants

In its Piping Systems division, engineering and services group Bilfinger has won two new orders in Austrian hydroelectric power plants with a total volume of about €45 million. For Voralberger Illwerke AG, the Group is manufacturing and installing all pressure piping systems for the new Obervermunt II pumped storage power plant. At the Reißeck II hydroelectric power plant in Kärnten, which Bilfinger has been involved in from the start, the company has received a supplementary order.

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Salini Impregilo and Strabag win the Contract for the Isarco Underpass, the southern Segment of the Brenner Base Tunnel

Salini Impregilo, together with Strabag, Consorzio Cooperative Costruzioni CCC and Collini Lavori, has received a provisional award for the contract to build an underpass beneath the Isarco River – the southern segment of the railway tunnel mega-project known as the “Brenner Base Tunnel.” The overall value of the project is estimated at € 300 million, of which Salini Impregilo has a 41 % share.

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Strabag SE prematurely extends € 400 million syndicated Cash Credit Line

In view of a favourable financing environment, the publicly listed European-based construction company Strabag SE has prematurely extended its revolving syndicated cash credit line in the amount of € 400 million. The group had initially arranged the cash credit line in 2012 with an original maturity in 2017. With the new term of five years, including two options to extend by one year each, Strabag SE remains capable of securing its comfortable liquidity position for the long term.

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Gazprom: South Stream to be built in Austria in late 2016

Alexey Miller, Chairman of Gazprom's Management Committee and Gerhard Roiss, Chief Executive Officer of OMV inked a Shareholders Agreement for the South Stream Austria joint project company. The document was signed in Vienna today during a visit by Russian President Vladimir Putin to the Republic of Austria.

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IEA praises Austria for well-balanced Energy Policy, but sees Areas for further Improvement

  • Report calls for the timely setting of post-2020 targets and more cross-border market integration

In a review of Austrian energy policies launched today, the International Energy Agency praised Austria for its balanced focus on security of supply, energy efficiency and renewable energy sources. The country’s decarbonisation drive has strengthened as the economy and renewable energy use have continued to grow, while fossil fuel use has decreased. At the same time, the country is working to improve energy security and energy market functioning.

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PORR AG: Pre-Placement of 2,164,138 new Shares successfully concluded

  • PORR AG determines subscription and offer price of new shares at EUR 45

PORR AG successfully concludes pre-placement of capital increase

  • A total of 2,164,138 new shares were placed in the pre-placement
  • The order book was more than 4 times subscribed at the subscription and offer price
  • PORR AG determines subscription and offer price of new shares at EUR 45
  • Gross proceeds of EUR 97.4 million raised in the pre-placement

In the late evening of April 9, 2014, PORR AG successfully concluded its pre-placement of 2,164,138 new shares (ISIN AT0000A17548) which commenced earlier the same evening. All of the new shares offered in the pre-placement were placed with selected European institutional investors outside the United States of America at a price of EUR 45 per new share, thereby raising gross proceeds of EUR 97.4 million. Due to the strong demand the pre-placement has been closed ahead of schedule. The order book was more than 4 times subscribed at the subscription and offer price.

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