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CLASS

New order for Astaldi in Romania, worth € 350 million

May 14, 2020


Abstract : New important order for the Astaldi group in Romania, a key country in trade flows on the new Silk Roads between East and West.

MILAN, May 13 (Class Editori) - New important order for the Astaldi group in Romania, a key country in trade flows on the new Silk Roads between East and West. In the presence of the Prime Minister and the Minister of Transport of the Government of Romania, a € 356 million contract was signed yesterday for the construction of over 30 kilometers of the Sibiu-Pitesti Highway, the most important highway section under construction in Romania.

The contract is an EPC (engineering, procurement and construction) and concerns the design and implementation of section no. 5 of the highway.  The planned duration of the works is 60 months, 12 of which for the design and 48 for the construction.

The contract is financed partly with EU funds (85%) and partly with the state budget (15%) and provides for the revision of the contractual prices starting from the presentation of the offer. An advance payment is also contractually provided, both at the start of the design phase and at the start of construction.

The Client is Cnair, a state-owned company headed by the Ministry of Transport and Infrastructures of Romania, with which the Astaldi Group is currently involved in the construction of the Braila Bridge, a suspension bridge over the Danube river of about 2 kilometers in length with more than 23 kilometers of connected roads, as well as about 20 kilometers of the Ogra-CampiaTurziihighway (Section 2).

Astaldi, which has been under controlled administration since June of last year and should join the former Salini-Impregilo Webuild group in the coming months, which will take over debts and contracts in Romania, has been a consolidated reality since 1991. Over the decades, the Group has actively contributed to the country's infrastructure development by carrying out important strategic public works involving the motorway network, railway connections and airport operations, often carried out thanks to the allocations from the European Community.

With the contribution of this new contract, Astaldi's portfolio of works on Romanian territory reaches a value of over one billion euros.

The awarding of this new contract, already assessed and authorized by the Court of Rome as coherent and in accordance with the industrial development envisaged underlying the composition proposal filed by Astaldi, consolidates Astaldi's position among the main Contractors in the country and the achievement of the Concordat Plan for the year 2020.

Astaldi is one of the world's leading contractors in the sector of complex and strategic infrastructure projects. Active for 95 years internationally, the group develops integrated initiatives in the field of design, construction and management of public infrastructures and major civil engineering works mainly in the sectors of transport infrastructures, energy production plants, civil and industrial construction, facility management and plant engineering and management of complex systems.

It operates mainly in Europe (Poland, Romania) and Turkey, Africa (Algeria), North America (Canada and the United States), Latin America and boasts the construction of the third bridge over the Bosphorus, of which it has recently finalized the sale to Ictas, the main Turkish construction company.

(Source: Class Editori)

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Keyword: Astaldi

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