Strabag secures US$2.23billion Italian motorway build project

The US$2.23billion (€1.7billion) contract to build the Pedemontana Lombarda motorway in northern Italy has been won by the Strabag consortium.
March 14, 2012 Read time: 2 mins
RSSThe US$2.23billion (€1.7billion) contract to build the Pedemontana Lombarda motorway in northern Italy has been won by the 945 Strabag consortium.

The new motorway in the heart of Lombardy’s economic zone will connect the city of Bergamo in northern Italy with Milan’s Malpensa Airport, strengthening northern Italy’s East-West link, relieving the local roads in the north of Milan and providing a boost to the local industry. Set to begin this summer and conclude in time for the 2015 Milan Universal Exposition, the order includes the construction of a 52km dual carriageway motorway with two or three lanes in each direction as well as 50km of spurs and connecting routes to the existing road network. It also comprises 50 cut-and-cover tunnels, two bored tunnels including the technical facilities, three bridges covering a total length of 3km, and a near 80km bicycle trail. Strabag, a leading central and eastern European construction company with its headquarters in Vienna, Austria, hold 60 % of the consortium, with the remaining amount divided between Italian companies 3869 Grandi Lavori Fincosit (26%) and 3873 Impresa Costruzioni Giuseppe Maltauro (14%).

Meanwhile, new figures released by Strabag showed its output volume rose by 12% to $18.79billion (€14.3billion)in the 2011 financial year, compared to $16.82billion (€12.8billion) in 2010. The company said the growth was due to strong demand in the German building construction and civil engineering sectors, and the “booming” Polish construction sector fuelled by investment in transport infrastructure.

Road Structures

For more information on companies in this article

Related Content

  • STRABAG will lead A4 highway deal in Poland
    May 9, 2013
    Austrian contractor STRABAG is heading a consortium handling work to complete a section of Poland’s A4 highway between Krzyż and Dębica Pustynia. STRABAG’s subsidiary Heilit+Woerner is responsible for the contract, which was awarded by Poland’s General Directorate for National Roads and Highways (GDDKiA). The contract is worth €236 million (PLN 981 million), of which Heilit+Woerner has a 50% share. The work will be carried out over a 35km section of the route over and 18 month period. The work includes the
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • The bidding process is opening for a major Italian highway business
    October 16, 2012
    The tender process has opened for a major highway business in Italy. The sale is for an 80.5% stake in highway operator Autostrade Milano Serravalle-Milano Tangenziali (Milano Serravalle). The deal is expected to be worth more than €1 billion in all. The packages for sale are the 52.9% held by the province of Milan through holding Asam; the 18.6% held by the municipality of Milan, and the 9% held by the municipalities of Lecco, Como and Pavia and the provinces of Como and Pavia. The basic cost of the tender
    Read More
  • Skid steer loader donated to Red Cross
    May 10, 2012
    New Holland Construction has donated a LS180 skid steer loader to the Italian Red Cross at a ceremony at its headquarters in Legnano, Lombardy. Giampiero Biglia, Italy’s business director for New Holland Construction officially presented the machine, which will become part of the Italian Red Cross earth working fleet used in missions in Italy and elsewhere. He said: “New Holland Construction has always supported public organisations that are committed to civil protection, the protection of our territory a
    Read More

Highlighted Content