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STRABAG : Australian subsidiary Georgiou wins key rail contracts worth over € 490 mn
STRABAG : Australian subsidiary Georgiou wins key rail contracts worth over € 490
About this update from Strabag Se
Company News STRABAG's Australian subsidiary Georgiou wins key rail contracts worth over € 490 mn 1 June 2026 © TWR Media © TWR Media The Wave forms part of Queensland's long-term infrastructure pipeline related to the Brisbane 2032 Olympic and Paralympic Games Delivery of 19 km of dual-track rail line, to increase capacity and connection Integration of sustainable design and environmental protection measures Forms part of Queensland's long-term infrastructure pipeline related to the Brisbane 2032 Olympic and Paralympic Games Georgiou Group, the Australian subsidiary of STRABAG, today announced that they have been appointed to construct both the Greenfield and Brownfield packages for Stage 1 of The Wave, one of Queensland's largest rail infrastructure projects on the Sunshine Coast. The contracts will be delivered under collaborative alliance contracting models together with leading industry partners. Commissioned by the Queensland Government and Australian Government, the AUD 2.5 billion (~ € 1.5 billion) project will transform mobility and connectivity across the Sunshine Coast, delivering faster and more reliable rail services to more people across the region. Construction is expected to commence in 2027, pending approvals. Georgiou Group will deliver the Stage 1 Greenfield package as part of the CoastalTraX consortium (ACCIONA, Mott MacDonald, Aurecon and local rail subcontractor DT Infrastructure), and the Stage 1 Brownfield package through the Beerwah Coast Connect consortium (Laing O'Rourke and Hatch). Improving mobility along Australia's east coast The Wave forms part of Queensland's long-term infrastructure pipeline related to the Brisbane 2032 Olympic and Paralympic Games and wider regional development objectives. Stage 1 will deliver a new passenger rail connection between Beerwah and Caloundra, forming part of a broader program linking Sunshine Coast communities to Brisbane and beyond. Strengthening STRABAG's strategic position in Australia We are proud to contribute to improved public transport on the Sunshine Coast through "The Wave" rail project. We do this through both delivery and a collaborative contracting approach. The project brings together Georgiou's local delivery capability and STRABAG's expertise in complex mobility infrastructure, highlighting the strength of our global-local model. Siegfried Wanker STRABAG SE Management Board Member responsible for the International + Special Divisions segment With this dual award, Georgiou's order backlog for the first time rises to well above € 1 billion. This development underlines the combined strength of STRABAG and Georgiou and further reinforces the Group's presence in the growing Australian infrastructure market.