ARCADIS (NASDAQ: ARCAF, EURONEXT: ARCAD), the international consultancy and engineering company, announced today that its Polish operation, as a leader of a consortium, has been awarded the contract for the supervision and project management of the modernization of a 60 km long section of the railway from Skierniewice to Lodz, in Central Poland. The total construction sum for the project will be approximately € 220 million. ARCADIS' fees will amount to € 3 million.
The project is part of the 127 km railway line between Warsaw and Lodz, two Polish urban areas with more than 3 million inhabitants. Modernization of the railway will enable increased speed for passenger trains to 140-160 km/h. A strong emphasis will be put on safety and the elimination of noise and vibrations. The project is to be completed in July 2008.
ARCADIS board member Michiel Jaski commented on the project win: "Because of our strong position and good growth opportunities, we have targeted rail infrastructure as a key strategic growth market and Poland as a target country, as a considerable investment will be made in Poland's rail infrastructure in the coming years. This project win shows that our strategy is yielding results and offers ARCADIS good prospects for further expansion in this region."
ARCADIS is an international company providing consultancy, engineering and management services in infrastructure, environment and facilities, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 10,000 employees and over € 1 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These are other risks are described in ARCADIS' filings with the Securities and Exchange Commission over the last 12 months, copies of which will be available from the SEC or may be obtained upon request from the Company.
