MT Højgaard Holding: Wins DKK 490m flooding tunnel order with French partner - ABG

JV with French group Eiffage to build Copenhagen rainfall tunnel
MTH DK's share is just over 50%
Guidance unchanged


Construction between 2024 - 2028

MT Højgaard Holding (MTHH) has today announced that its Danish construction unit MT Højgard DK, in collaboration with the French Eiffage Group, have been awarded the contract (tendered in June 2023) to build the "Valby Skybrudstunnel", a new underground tunnel to protect the western part of Copenhagen against flooding in the event of shadow events. The tunnel will be 2.4 km long, drilled as three separate tunnels approximately 15-21m below the ground surface with a diameter of 3.4m. Construction work will begin in 2024 is expected to be completed in 2028.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/mt-hojgaard-holding/Equity-research/2024/5/mt-hojgaard-holding---wins-dkk-490m-flooding-tunnel-order-with-french-partner/