United Arab Emirates – Abu Dhabi Water Tunnel – Lots 2 and 3
Impregilo is currently completing construction on two lots of the STEP (Strategic Tunnel Enhancement Program), which involves the construction of a tunnel that will serve to collect wastewater from the island and the mainland of Abu Dhabi by gravity and convey it to the treatment facility located in Al Wathba. Impregilo is building 25 km of the tunnel, which will be a total of 40 km long. The total value of the contracts comes to approximately $445 million.
Lot 3 was completed during 2013, while lot 2 was completed in the first half of 2014.
United Arab Emirates-Dubai R881
After a slow down period of about two years caused by the economic recession that kept the country from being able to maintain regular progress payments, the “R881 Comprehensive Improvements of the Parallel Roads” project for construction of a highway section (lots 2C and 3A) in the city of Dubai resumed full production activity in 2012, thanks in part to the Client’s recognition of certain claims for lot 2C (AED 40 million) and additional advance disbursements for lot 3A.
The project primarily consists of the construction of 30 bridges, new road pavement for more than 200,000 square meters, and repositioning of a large number of ancillary services.
All structures and roads were opened to traffic in December 2013. The “Taking Over Certificate” for lot 3A was issued on April 15, 2014, while the percentage completion of lot 2C as of September 30, 2014, was 100%.
Lastly, it should be noted that an additional agreement for AED 20 million was reached with the client as compensation for additional costs incurred in lot 3A during the “slow down” period caused by the economic downturn of the Emirates mentioned earlier.
At September 30, 2014 the AED 20 million had been received in full.
Arab Emirates – Abu Dhabi Highway Lot B – Dubai
On December 20, 2013, Salini Impregilo was awarded lot B of the new Abu Dhabi-Dubai highway in the United Arab Emirates. The work was commissioned by the Abu Dhabi General Services (the so-called “Musanada”) and is one of the largest infrastructure projects in the country as part of the innovative “Plan Abu Dhabi 2030”. The contract awarded to a consortium consisting of Salini Impregilo S.p.A. and the local builder Tristar Engineering & Construction (TE&C) involves the construction of a total of 28 km of the Abu Dhabi-Dubai highway, to be completed in 27 months. Work on lot B of the project is valued at approximately 840 million United Arab Emirates Dirhams (AED), which, at the current exchange rate, is about € 168 million.
Qatar – Red Line North Underground
On May 17, 2013, Impregilo, as leader of a partnership of companies with a 41.25% share, won the competitive bidding launched by Qatar Railways Company for the design and construction of the “Red Line North Underground” of Doha. The “Red Line North” will extend northward for about 13 km from the Mushaireb station, with the construction of seven new underground stations. In particular, the project calls for the excavation of two parallel tunnels, one in each direction, which will be about 11.6 km long and have an inside diameter of 6.17 meters. The new project, along with 3 other metro lines, is part of a program led by Qatar to build a new infrastructure mobility system as part of the National Development Plan for 2030 (“Qatar National Vision 2030”), which provides for significant investments to ensure sustainable economic growth over time within the country and abroad.
The total value of the “Red Line North” contract comes to approximately 8.4 billion Qatari Rial, equal to about € 1.7 billion, of which approximately € 630 million for design and civil engineering works and about € 1.1 billion for provisional sums for preparation work, electromechanical systems, and architectural work on the stations.
The percentage of work completion as of September 30, 2014, was 6.9%.
Saudi Arabia – Riyadh Metro Line 3
On July 29, 2013, Impregilo, as the leader of an international consortium whose members include the Italian company Ansaldo STS, the Canadian company Bombardier, the Indian company Larsen & Toubro, and the Saudi company Nesma, won, with a 18.85% share, a major contract issued by the Riyadh Development Authority for the design and construction of the new Riyadh Metro Line 3 (40.7 km), the longest line of this major project in the Saudi Arabian capital’s new metro network.
The lot assigned to the Consortium is an important part of the broader concurrent project for construction of the new Riyadh metro network (consisting of 6 lines with an overall length of about 180 km), worth a total of about $23.5 billion, in which another two global groups, including some of the largest companies in the world, are awardees for two other mega lots awarded at the same time as the lot awarded to the Consortium, which will be led by Salini Impregilo: one led by the American company Bechtel consisting of Almabani, CCC, and Siemens, and the other led by the Spanish company FCC consisting of Samsung, Freyssinet Arabia, Strukton, and Alstom.
The overall value of the works to be done by the Consortium for design and construction of the entire Line 3 is about $6.0 billion, of which about $4.9 billion for civil engineering works.
The percentage of work completion as of September 30, 2014, was 2.5%.