MT Højgaard Secures DSB Construction Project Worth DKK 1.95B
MT Højgaard's New Milestone with DSB Tender
MT Højgaard Holding’s business unit, MT Højgaard Danmark, has achieved a significant milestone by winning a tender from DSB to construct an advanced workshop for driverless trains, along with administrative facilities in Vinge. The project stands out with a total estimated value of DKK 1.95 billion, with potential additions that could increase the budget by up to DKK 900 million.
Project Overview and Scope
The ambitious project encompasses a vast workshop area of approximately 25,000 square meters, complemented by 14 kilometers of electrified tracks. In addition to the workshop itself, MT Højgaard will be responsible for various administrative buildings and necessary civil works, highlighting the project’s comprehensive nature.
Phased Development Approach
DSB structured this tender in a phased manner to facilitate early contractor involvement. The initial phase is set to take place from 2025 to 2028, allowing all entities, including contractors, consultants, and architects, to collaboratively design the comprehensive framework of the project. This team approach enhances the overall execution and aims to ensure successful outcomes.
Progression to Turnkey Contract
Following the completion of the initial design phase, the project will transition into its next phase in 2028. At this point, the turnkey contract will become unconditional, paving the way for work to continue through 2031. This strategic timeline ensures adequate preparation and alignment among all parties involved.
Strategic Importance of the Project
Speaking on the project, Søren Sørensen, who is the head of construction and refurbishment at MT Højgaard Danmark, expressed pride in being part of this significant Danish infrastructure initiative. The contract aligns perfectly with the company's strategic focus on projects where contractors influence outcomes from the very start. As this type of contract increasingly represents MT Højgaard's portfolio, the team's extensive experience over the past five years stands them in good stead for successful execution.
Collaborative Efforts and Partnerships
As the designated turnkey contractor, MT Højgaard Danmark will collaborate closely with several notable partners, including Artelia, Holm & Grut architects, M. J. Eriksson, Siemens, Systra, and Thing Brandt Landskab. This partnership leverages the specific expertise of each firm to ensure a well-rounded and efficiently developed workshop project.
Future Outlook
The recent contract win is not expected to alter MT Højgaard Holding’s outlook for 2025, as it reassures investors that revenue projections remain steady between DKK 10-10.5 billion, with operating profits anticipated at DKK 400-450 million. However, this new order is bound to play a vital role in the company’s long-term sustainability and growth strategies in the years to come.
Contact for Additional Information
For further details, CEO Rasmus Untidt and CFO Dennis Nørgaard are available for inquiries through telephone at +45 31 21 68 72.
Frequently Asked Questions
What is the total value of the DSB tender won by MT Højgaard?
The tender has an estimated total value of DKK 1.95 billion, with optional additions that could reach up to DKK 900 million.
What are the main components of the project?
The project includes a workshop of 25,000 square meters, 14 kilometers of electrified tracks, and various administrative buildings and civil works.
When will the project phases occur?
The first phase will run from 2025 to 2028, with the project progressing to the next phase in 2028, continuing until 2031.
What strategic goals does this project align with for MT Højgaard?
This project supports MT Højgaard's focus on early contractor involvement and enhances their portfolio in large infrastructure projects.
Who are the key partners involved in the project?
Key partners include Artelia, Holm & Grut architects, M. J. Eriksson, Siemens, Systra, and Thing Brandt Landskab, all contributing their expertise to the development.
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