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Hochtief says wins $1.23 billion U.S. rail contract

Published 06/19/2015, 02:22 AM
Updated 06/19/2015, 02:24 AM
© Reuters. A worker of German company Hochtief stands in the audience hall at the construction side of the Elbphilharmonie (Philharmonic Hall) in Hamburg
HOTG
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FRANKFURT (Reuters) - Hochtief (DE:HOTG) said its subsidiary Flatiron had won a $1.23 billion contract to construct the first high-speed rail system in the United States as part of a joint venture team.

The joint venture of Dragados USA and Flatiron will build a 60 mile-plus (97 km) portion of new high-speed rail between Los Angeles and San Francisco, with construction starting in late 2016 and expected to take around four years, it said.

© Reuters. A worker of German company Hochtief stands in the audience hall at the construction side of the Elbphilharmonie (Philharmonic Hall) in Hamburg

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