Astaldi expects to close €1.7bn Russian motorway build deal

Italian civil engineering group Astaldi is expecting to obtain a €1.7 billion contract from Russia that would see them build a 140km stretch of the Moscow-St Petersburg motorway. Astaldi chairman Paolo Astaldi said that the deal for lots seven and eight of the motorway is “probable”. Astaldi is in a consortium with Turkish partner Ictas, with which it has already banked deals in Russia. The contract will be awarded by the motorway concessionaires, VTB and Vinci.
May 13, 2014 Read time: 1 min
Italian civil engineering group 1324 Astaldi is expecting to obtain a €1.7 billion contract from Russia that would see them build a 140km stretch of the Moscow-St Petersburg motorway.

Astaldi chairman Paolo Astaldi said that the deal for lots seven and eight of the motorway is “probable”. Astaldi is in a consortium with Turkish partner Ictas, with which it has already banked deals in Russia. The contract will be awarded by the motorway concessionaires, 3012 VTB and 5177 Vinci.
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