Astaldi wins €400m contracts in Chile, Poland, and Honduras

WCN Editorial Team 27 Nov 2017 GLOBAL BUSINESS

The Astaldi Group of Italy has signed three construction contracts worth €400m for projects in Chile, Poland, and Honduras.

Chile’s Ministry of Health has awarded a contract worth €270m to the Astaldi Group for designing and building a new healthcare facility at the city centre near the Barros Luco Hospital in Santiago.

The new facility, with two buildings, will provide 967 beds and 28 operating rooms.

The EPC contract is for seven years. Work on the site is expected to begin in the second half of 2018.

The company has also secured a contract from Energias Limpias del Yaguala of Honduras for taking up part of the construction work at Arenal Hydroelectric Project (Phase I-II).

The Italian company will carry out civil works for building an RCC dam of maximum height of 93.5m, in addition to 6km of hydraulic tunnels and related works, in a joint venture with Ghella of Italy.

The work, to be carried out over 33 months, is expected to begin before the end of 2017.

Astaldi will execute the work in joint venture with Ghella. Astaldi’s share will be 49% and Ghella 51% in the €101m contract.

In Poland, the company has won a contract from Zaklad Utylizacyjny for construction, operation and maintenance of a waste-to-energy plant to treat urban waste of the Gdansk-Gdynia-Sopot metropolitan area in Gdansk.

The 25-year contract is worth €280m, of which €110m is for design and construction in which Astaldi will have 51% share. The remaining €170m is for the O&M activities in which Astaldi’s share will be 10%.

Astaldi will take up the construction in a joint venture with Italian company Termomeccanica Ecologia.

A special purpose vehicle will be set up for the O&M activities in which Astaldi will have a 10% stake, Termomeccanica Ecologia 10%, and French company Tirù 80%.

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