Salini Impregilo to lead Italian road project
By Sarah Ann McCay01 January 2014
A joint venture led by the Salini Impregilo Group has been awarded the contract to build and operate a new road connection between the Italian Port of Ancona, the A14 motorway and the Adriatic State Highway 16.
The project is worth €480 million and the duration of the concession is 30 years from the completion of the works. The investment involves a greenfields concession worth approximately €2.5 billion.
The new arterial road stretches for 11km, with main road networks and connecting roads. Work is scheduled to start in 2015 and is scheduled to take five years to complete.