Webuild-led consortium wins €2.5bn contract for Italian railway project

WCN Editorial Team 12 Aug 2020 EUROPE TRANSPORT INFRASTRUCTURE

A consortium comprising Japanese engineer Hitachi and Italian contractors Webuild and Astaldi has been awarded a contract worth €2.5bn to commence work on the first section of the €4.8bn Verona-Padua high-speed/high-capacity railway project in Italy.

The IRICAV 2 consortium, which is 40% owned by Webuild, Astaldi holding 37% stake and Hitachi with around 18% interest, was selected by Rete Ferroviaria Italiana, a subsidiary of state firm Gruppo FS Italiane.

The first section has been divided into two parts. Work on the initial part, worth €874m, will begin immediately while the second part valued at €1.6bn will be funded with one year, Webuild noted.

Scheduled for completion in 2027, the section will run for 44.2km between Verona and Bivio Vicenza, crossing 13 municipalities.
The new line is intended to quadruple the existing railway while strengthening links to international European routes.

Webuild chief executive Pietro Salini said: “Just days after delivering the Genoa Bridge, we are very happy to start a new strategic project, this time for mobility in Veneto.

“It is another piece of infrastructure that we hope will involve a long supply chain, running from north to south. It comes after the start of work on the Ionian highway in Calabria and on the Nodo Ferroviario in Genoa.

“From south to north, Italy is starting up again, and it is doing it with infrastructure, bringing work to the regions. We are proud to be able to bring our expertise to this project in order to relaunch the country where we have our roots.”

About 4,000 direct and indirect jobs will be created during the construction of the first section of the project.

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Work on the €874m part of the first section of the Verona-Padua railway project is scheduled to commence immediately. (Credit: MichaelGaida from Pixabay)

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