Thessaloniki Metro Project

This project is for construction of the Thessaloniki automated metro. The contract was signed in 2006 and the Group participates in it with other companies. The project involves construction of an automated subway with construction of two tunnels, each 9.5 km long, and 13 new underground stations.

The percentage of completion as of December 31, 2014 was 31.7%.

Greece – Stavros Niarchos Foundation Cultural Center

At the end of 2012, Impregilo was awarded the construction of the new Stavros Niarchos Foundation Cultural Center in Athens, Greece, as part of a joint venture with the Greek company Terna S.A. The contract value is approximately €325 million with Impregilo’s share being 51%, fully guaranteed and paid by the Foundation. The design, created by the architectural firm Renzo Piano Building Workshop, calls for the construction of an ecologically sustainable multi-purpose center located about 4.5 km from downtown Athens, which will occupy a total area of 232,000 m2, most of which devoted to a public park, to be completed in 38 months after work starts. The initiative also provides for construction of the new headquarters of the Greek National Opera, which includes a 1400-seat main theater and a 400-seat experimental theater, and the National Library, which will be open to the public and will contain up to 750,000 volumes. Lastly, under the contract, the activities of managing and maintaining the Cultural Center for a period of five years for an additional value of about €10 million will be allocated, once construction of the opera is completed.

The percentage of completion as of December 31, 2014 was 46.7%.