HOCHTIEF consortium to build next phase of Prague Metro Line D [Yahoo! Finance]
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Source: Yahoo! Finance
The Prague Public Transport Company (DPP) awarded the contract, valued at approximately €1.23bn ($1.44bn), with HOCHTIEF's share of the work expected to generate €428m in revenue. The project involves the construction of three additional underground stations and close to 6km of tunnel sections, extending the new metro line from Olbrachtova to Nové Dvory. Construction activities are scheduled to begin in the coming weeks, with completion for this stage set for 2032. This phase follows the ongoing first section, connecting Pankrác and Olbrachtova, for which HOCHTIEF is also a contractor. The initial phase is currently projected to finish by 2029. Subterra leads the consortium, which also includes HOCHTIEF Infrastructure and BeMo Tunneling. HOCHTIEF CEO Juan Santamaría said: “Metro Line D will be critical to Prague's future mobility, and we are proud to continue our role in delivering the city's first fully automated metro line in partnership with the Prague Public Transport
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