18/2021 – Information on concluding a contract

The Management Board of Trakcja S.A. (the “Company”, the “Issuer”) informs that in its capacity of a Consortium Partner, it has signed today with the Municipality of Olsztyn an agreement on the performance and finishing of construction work defined as „Expansion of the Tram Line in Olsztyn”. The other Consortium participants are Polimex Mostostal S.A. and Polimex Infrastruktura sp. z o.o. (Consortium Leader).

The net value of the contract amounts to PLN 327,775,896.84, where Trakcja S.A.’s share is 50% of the net contract value, i.e.  PLN 163,887,948.42. The work is to be completed by 01.08.2023. The remaining terms and conditions of the agreement do not differ from the terms and conditions generally applied for such contracts.

The Issuer’s Management Board has decided to publish the foregoing information, as the performance of the above-mentioned contract is a further step in the diversification of the Company’s activities and its involvement in projects concerning the construction and modernisation of rail transport infrastructure.

Legal basis:

Article 17 MAR