Peab secures $73 million postal terminal construction contract in Sweden

Peab AB, a Sweden-based construction and civil engineering company, has secured a contract worth SEK480 million ($72.67 million) from Posten Meddelande AB to build a postal terminal in Rosersberg, Sigtuna, Sweden.

The new postal terminal will be a 49,000 square metres facility, which will consist of mailing space and two pieces of 200m long track halls for mail trains. The postal terminal is a Green Building project with requirements for low energy consumption and the building will be equipped with 2000 square metres of solar panels.

The new terminal will be occupied by 500-600 employees, who will handle 1.7 million addressed items per day and 34 million unaddressed items per month. Construction of the facility will be completed by September 2014.

Peab AB operates as a construction and civil engineering company primarily in Sweden, Norway, and Finland. The company’s construction segment produces various housing, which includes apartment buildings and single homes; builds commercial and public facilities, as well as industrial premises.