Acquisition of new orders

The Salini Impregilo Group - in a grouping with the Austrian company Strabag - was awarded a contract on April 7, 2014, for the construction of the main Tulfes-Pfons lot in Austria of the Brenner Base Tunnel. This project, which is part of one of the main segments of the Trans-European Networks (TEN), will consist of underground civil engineering construction for a segment of the exploratory access shaft, the emergency access shaft for the Innsbruck bypass and two interconnecting tunnels. A total of 38 km in tunnels will be constructed. The value of the project is about €380 million and Salini Impregilo holds 49% interest in the grouping.

On October 23, 2014, Salini Impregilo, in a grouping with the Austrian company Strabag, and the client BBT SE – Brenner Base Tunnel/Brenner Basistunnel – signed the agreement to commence works for the construction of the "Isarco River Underpass – southern segment of the railway tunnel mega-project" for the Brenner Base Tunnel, the most important project to be contracted on the Italian side to date. The Brenner Base Tunnel is the primary element of a new railway line that will connect Munich and Verona. Once completed, at 64 kilometers, it will be the longest underground railway connection in the world. The contract value is about €301 million and Salini Impregilo holds 41% interest in the grouping. Construction is expected to take 8 years.

The Group, together with local company Pribex S.A., has won the contract to design and build a circa 14.4 km section of the S3 Expressway between the "Kazmierzow" and "Lubin Polnoc" junctions, located in Lower Silesia, about 450 km south-west of Warsaw. The lot is part of the larger project to resurface the S3 expressway from Świnoujście to Lubawka, which runs north to south through Poland, parallel with the German border. The S3 is part

of the European Route E65 and is supposed to speed up transport by reducing traffic in the numerous towns served by the old road.

The contract is managed by GDDKiA (Generalna Dyrekcja Dróg Krajowych i Autostrad) and follows the conditions set out in FIDIC Yellow (Design-Build). It was signed on December 22, 2014, which also marked the start of the estimated 30 months of work, including winter stoppages.

The project has a total value of approximately €135 million and is more than 50% financed by the European Union. It involves the creation of 3 junctions ("Kazmierzow", "Polkowice" and "Lubin Polnoc") and 25 major infrastructural works including bridges, overpasses and animal crossing points, and various minor works for the management of environmental impacts, drainage of surface water and interferences with various underground utilities. Two motorway service areas ("MOPs") are also included.

The design must take into consideration both the protection of the environment, given the numerous forests crossed and the impact on – and interference with – mining activities, which are highly important for the economy of the city of Lubin.

The Group has an 85% share in a contract worth approximately €260 million, won with the local company NTF, for the realization of the civil works relating to the "Cetin" hydroelectric plant on the Botan River, a tributary of the Tigris River in the province of Siirt, in the southeastern part of Turkey. The contract entails the construction of a rockfill dam with an asphalt core, 145 meters in height, with a volume of 11.5 million m³, intake works, spillway and open-air power plant for an installed power of 400 MW and 1100GWh/year.