ARCADIS Wins First Chinese Rail Assignment.ARNHEM, Netherlands -- ARCADIS (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ARCAF, EURONEXT: ARCAD), the international consultancy and engineering company, announced today that it, as part of a consortium, has been awarded the contract for the construction management for a 247 km long section of the high speed railway in China from Wuhan to Hwadu. The total value of the contract is approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 16 million, of which ARCADIS' share equals approximately 20%. ARCADIS' role is focussed on ensuring that the quality of the high speed rail line meets international standards. The project is part of the 935 km long high speed railway line between Wuhan (Hubei province) and Guangzhou (Quangdong province) and is the first high speed line in China, with a design speed of 350 km/hr. The connection will in future link Beijing (via Wuhan), Guangzhou, and Shenzhen with Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . The project is to be completed within the extremely short timeframe of 54 months. In the consortium, ARCADIS works together with Chinese companies Chinese owned companies can be defined as enterprises within mainland China, Hong Kong, Macau and the Republic of China (Taiwan):
abbr. macroaggregated albumin Engineering Consultants International Ltd., a company active in the Asian market. China's rail infrastructure expansion program envisions a total of 24,000 km of additional rail line, about 12,000 km of which will be high speed rail. ARCADIS is one of the firms selected to work on rail infrastructure projects in this market. ARCADIS CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Harrie Noy commented on the project win: "Because of our strong position and good market opportunities, we have targeted rail infrastructure as a key strategic growth market. In the Chinese market a considerable investment will be made in rail infrastructure in the coming years. This project win shows that our strategy is yielding results and offers ARCADIS good prospects for further expansion in this region." ARCADIS is an international company providing consultancy, engineering and management services in infrastructure, environment and facilities, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 10,000 employees and over EUR 1 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions. Except for historical information contained herein, the statements in this release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These are other risks are described in ARCADIS' filings with the Securities and Exchange Commission over the last 12 months, copies of which will be available from the SEC or may be obtained upon request from the Company. |
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