For a review of the main types of critical issues identified within the Group in Nigeria, operations refer to the information provided in this Directors’ Report under the heading “Risk areas and Litigation”.

Work on the “Gurara Dam and Water Transfer Project, Lot A – Dam and Associated Works” project is in the completion phase. The current value of the contract, including the various contractual additions issued over the years (the contract was signed on January 30, 2001) comes to about € 622 million. The 9 million m3 earth and rockfill dam, intake works, and 30 MW hydroelectric plant are complete; the irrigation perimeter, and the access road to the right have been completed. The 132 KV high-voltage power transmission line and the access road to the dam on the left are nearly completed.

The percentage of work completion as at June 30, 2015, was 98.7%.

Work is continuing on the “Development of Idu Industrial Area Engineering Infrastructure” contract (valued at approximately € 251 million), consisting of the primary urban development works in a new district of the capital Abuja, intended for industrial use. The sewer and drainage networks are complete, 60% of the road network, including 4 viaducts, is paved, and construction is starting on the water supply and power supply grids.

The percentage of work completion as at June 30, 2015, was 75.5%.

Work on designing and building the “Nigeria Cultural Centre and Millennium Tower” is also progressing (contract value of approximately € 409 million). The tower structure has reached its final height of 170 m and the sails have been mounted. The works concerning the circular structure of the restaurant of the "Millenium Tower" have been completed: covering and inclined part with aluminium and glass; inside a mechanical system for rotating one of the floor rings. The underground parking garage beneath the square has been completed, the artificial tunnel linking the two plots of the project is complete, and the structures of the 7 buildings that make up the Cultural Centre and the Auditorium are at an advanced stage of construction. The Auditorium's steel covering has been completed. The installation engineering works of the multifunctional center and the urban installation still need to be done.

The percentage of work completion as of June 30, 2015, was 36,2%.

The urban highway stretch of the “Extension of Inner Southern Expressway (ISEX)” for a value of roughly € 70 million by the Federal Capital Development Authority with a contract signed on January 13, 2010, is in an advanced stage of construction. So far, 3 of the 4 major bridges have been completed, and of the fourth viaduct only a span needs to be completed. Drainage works are nearly completed and the majority of the road is paved, while the earthwork of the last interchange of the project is in progress.

The percentage of work completion as at June 30, 2015, was 87.5%.

Construction of the “Dualization of Suleja Minna Road in Niger State”, a contract obtained in November 2010 with a value of approximately € 55 million and 40 km in length, is under-way. The earthwork and drainage works are currently in the completion phase, paving is partially completed, except for the ramps of the two interchanges connected to the project. 25 km of road has been paved and the five bridges of the project have been completed.

Salini Nigeria on January 16, 2015 won the contract for the dualisation of the carriageway of the Suleja Minna road (Phase II) worth € 112 million. The contract will see the construction, in 48 months, of a new carriageway between km. 60 and km 101.

The percentage of work completion as of June 30, 2015, was 28.9%.

Similarly, the “Development of District 1 Abuja North Phase IV West” project is being developed, worth a total of about € 227 million. The bidding process was conducted in two phases (phase 1 December 30, 2010 and phase 2 March 5, 2012). The construction of one of the main viaducts of the project has been currently completed and the remaining box culverts of quadrant 1. On the same quadrant the earthworks are being completed and also the underground works like drainage and sewers.

The percentage of work completion completion as of June 30, 2015, was 12.6%.

On September 12, 2012, the “Adiyan Waterworks Phase II” project worth € 232 million was acquired. This project consists of the design and construction of a water treatment plant with a capacity of 320,000 m3/day, intended to meet a portion of the Lagos population’s water needs. The civil works on the treatment plant are at an advanced phase of construction. The civil works for the intake structure from the river and the conduit are yet to be started. The electromechanical parts are starting to be supplied, and a part has been delivered to the work site. The work has to be delivered by July 9, 2016.

The percentage of work completion as at June 30, 2015, was 31.8%.