Astaldi wins new contracts worth €193m in Mexico, Chile

WCN Editorial Team 16 May 2018 SOUTH AMERICA BUSINESS

Italian company Astaldi Group has secured two new construction contracts in Chile and Mexico. Astaldi will have a total share of €193m in the two contracts.

In Mexico, the company won an EPC contract from Grupo Aeroportuario Ciudad México (GMCM) for the construction of Land Transport Intermodal Hub at Mexico City’s new International Airport.

The EPC contract is worth $350m of which Astaldi’s share will be €120m ($143m).

The contract marks Astaldi Group’s first step in the Mexican market.

Astaldi will execute the works in joint venture with Arendal Group of Mexico.

The contract includes construction of a five-floor facility, based on the design by Norman Foster. The 450,000m² facility will be used as a hub for land transport connected to the new international airport, currently under construction.

The roof of the hub will be used as a green area. Work is expected to commence in June 2018 will have an estimated duration of 32 months.

GMCM is in charge of building and operating Mexico City’s new international airport.

In Chile, Astaldi won a construction contract worth €73m ($87m) from CODELCO (Corporación Nacional del Cobre de Chile) for the first phase works of the underground development of the El Teniente copper mine, stretching between elevations of 1,500 and 1,900 metres in the Andes.

The work is expected to be completed in phases by the end of 2022.

The phase-one works involve designing and building of two tunnels, one for access and the other to transport materials, totalling 5km.

The phase-two works, valued at €43m, involve building an additional 2.6km of access tunnel.

Work is slated to begin in the first half of 2018.

CODELCO is one of the major companies in the Chilean mining sector. El Teniente is one of CODELCO’s most productive mines, generating 8% of the country’s total copper output.

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