Italian construction company Astaldi has finalised an agreement to carry out the remaining â‚¬500m of upgrade work to the Perugia-Ancona direct route and Pedemontana delle Marche national road.
Both the roads form the Maxi-Lot 2 of Quadrilatero Marche-Umbria road network.
The agreement was finalised following a complex series of corporate transactions with the special commissioner of Impresa, SAF and DIRPA, which are all under extraordinary administration procedure.
“The agreement was finalised following a complex series of corporate transactions with the special commissioner of Impresa, SAF and DIRPA.”
The company said in a statement that the agreement has been aimed at acquisition by Astaldi of the Quadrilatero business complex and to ensure the completion of a strategic infrastructure for the area, with consequent safeguard of the employment levels of the companies involved in the procedure.
Max-Lot 2 of Quadrilatero Marche-Umbria road network is a complex project and involves upgrading the Perugia-Ancona direct route along the Fossato di VicoCancelli and Albacina-Valtreara Tunnel-Serra San Quirico sections of the SS-76 national road and Pianello-Valfabbrica section of the SS-318.
The work will also include modernisation of the Pedemontana delle Marche, along the route between Fabriano and Muccia/Sfercia.
The overall value of project is â‚¬745m, of which about â‚¬500m is still to be carried out.
Astaldi is one of Italy’s leading general contractors, and also works as sponsor of initiatives in project financing.
It developes initiatives in the field of designing, building, and operating public infrastructure and large-scale civil engineering works, in the areas of transport infrastructure, power plants, civil and industrial construction, facility management, plant engineering and management of complex systems.