Turkey

On November 17, 2011, the subsidiary SKG, in which Kolin and Generali Costruzioni Ferroviarie also hold a stake, received the order to start work on the "Rehabilitation and reconstruction of the Kosekoy-Gezbe section of the Ankara Istanbul high speed train project".

The initiative, emblematic of the remodernization of Turkey’s transportation system, includes dismantling of the current railway line and subsequent construction of a new dual-

track line some 55.6 km long connecting the country’s two "capitals". The new railway line will have an operating speed of 160 km/h.

Construction of the railway superstructure and the signaling, electrification, and telecommunication works are part of the project.

In August 2012, the Client issued a new service order to widen the railway for the addition of a future third line.

The funding body has formally authorized the works and on December 2, 2014 the contract amendment for €54 million was issued, making the value of the contract €201 million.

Removal of the existing railway section and civil engineering works has been completed, while the railway works and electromechanical works are at an advanced stage.

Despite the absence of the signaling system, on July 24, 2014 the Client issued the Take Over certificate for the infrastructure, superstructure and electrification subsystems. On July 25, 2014 the railway was inaugurated and opened to the public.

The percentage of completion as of December 31, 2014 was 92.2%.

On March 26, 2013, the Health Ministry of the Republic of Turkey awarded Salini S.p.A. (now Salini Impregilo S.p.A.), as part of a joint venture with the Korean company Samsung C&T, the Dutch company Simed, and the local company Kayi Insaat, a concession to build and manage an important hospital complex in the city of Gaziantep with a total of 1,875 beds on a surface area of just over 500,000 square meters.

The initiative will be carried out based on the PPP (Public Private Partnership) model through an SPV (Special Purpose Venture) in which the Group held 28%, subsequently increasing to 35.5% due to the exit of the Dutch company Simed. In turn, the SPV will assign the design, construction and supply work to a joint venture consisting of the subsidiary Salini Insaat and other companies, for a total value of approximately €510 million.

The operator was duly registered with the Istanbul Chamber of Commerce on June 20, 2013 under the name of Gaziantep Hastane Sagalik Izmetleri Isleteme Anonim Sirket.

The preliminary design of the healthcare facility (Conceptual Design) was completed at the end of February 2014 and the next phase is currently underway.