Greece – Thessaloniki Metro Project
This project is for construction of the Thessaloniki automated metro. The contract was signed in 2006 and Impregilo is participating together with the Greek construction company Aegek S.A., and with Seli SpA for the civil engineering portion. 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 work completion as of September 30, 2014, was 30.8%.
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 multipurpose 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 theatre and a 400-seat experimental theatre, 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 work completion as of September 30, 2014, was 42.1%.
On January 7, 2011, the subsidiary Copenhagen Metro Team I/S, a Danish company in which Salini Impregilo S.p.A., Tecnimont Civil Construction, and Seli are shareholders, signed a contract to build the new Copenhagen Metro, one of the most modern transit infrastructures in the world.
The “Copenhagen Cityringen Project” consists of the design and construction of the new metro loop located in the city center, including 17 stations and two tunnels for about 17 km, with an expected traffic of 240,000 passengers per day.
The original value of the contract of € 1,497 million was updated to € 1,657 million as a result of an additional five addenda, which came in addition to the three optioned by the Client in 2011.
In addition to the design work on the underground stations and sections, construction work on all 21 of the contractually specified sites (17 stations and 4 shafts) is currently in progress.
Lastly, in 2013, 39.995% of Tecnimont Civil Construction’s share in Copenhagen Metro Team I/S was bought out, allowing the Group to hold nearly 100% of the partnership of companies involved in the work.
On October 22, 2014, Salini Impregilo, via Copenhagen Metro Team I/S, signed a Supplementary Agreement for the award of supplementary works worth about € 240 million to complete the Cityringen project, Copenhagen’s new metro line.
As a result of this Supplementary Agreement, the total value of the project now stands at about € 1,850 million.
The percentage of work completion as of September 30, 2014, was 52.8%.
Romania - Orastie - Sibiu motorway
In April 2011, Impregilo won the competitive bidding for the design and construction of lot three of the Orastie-Sibiu highway from the Romanian National Highway Company (CNADNR). The value of the contract is approximately € 144 million, 85% funded by the European Community and the remaining 15% by the Romanian government. The contract calls for the construction of 22.1 km of four-lane highway plus an emergency lane for an overall width of 26 meters. The Orastie-Sibiu project is part of a broader project called the “Highway 4 Corridor,” which will connect the city of Nădlac located on the Hungarian border to the city of Constance located on the western shore of the Black Sea.
The percentage of work completion as of September 30, 2014, was 84.7%.
Romania –Lugoj - Deva
On October 11, 2013, the joint venture consisting of Salini S.p.A. and S.E.CO.L. signed a contract with the Romanian National Highway Company (CNADNR) for construction of the Lugoj-Deva road lot 2.
The project, valued at approximately € 127 million, will last 30 months, the first six of which for design activities.
The percentage of work completion as of September 30, 2014, was 6.0%.
The Group, in conjunction with the local company Kobylarnia, signed a contract on April 3, 2013, regarding the completion of construction work of the A1 “Torun – Strykow” section of A1 highway, composed of 2 lots and about 64 km long, connecting the cities of Czerniewice and Kowal.
The project has a total value of approximately € 199 million.
Work on the first lot was completed on May 23, 2014; the Taking Over Certificate was issued on July 16, 2014.
Work on the second lot was completed on July 23, 2014, and the Taking Over Certificate is dated July 18, 2014.
The percentage of work completion as of September 30, 2014, was 100.0%.
The initiative, led by the Polish General Directorate of Roads and Highways and co-funded by the European Union, constitutes full implementation of the strategic agreement signed with the Group in September 2012.