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.

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