The construction sector has a leading role for the Australian industry, with an approx. 8% share of gross national product (GNP). It consists of over 330,000 companies distributed across the entire federal territory.
According to the estimates of the Australian Bureau of Statistic, the population is expected to double from the current 23 million to 46 million inhabitants by 2075. Since the demographic growth rate is one of the variables that positively correlates with civil engineering and public works, individual state Governments and the Federal Government have confirmed their support to extensive infrastructure development with the two-fold objective of stimulating the economy through a public expenditure plan that will counter the negative conjuncture in the mining sector and guaranteeing an adequate supply to the already existing demand for more infrastructure.
The Group has been active on the Australian market since 2013 and operates through Salini Impregilo Australia Branch and Salini Australia Pty Ltd, incorporated under Australian law.
In December 2013, the “Impregilo-Salini Joint Venture” was awarded the tender for the development of the “Sydney Metro Northwest Project - Design and Construction of Surface and Viaduct Civil Works” by the Contracting Authority “Transport for New South Wales”, with a current value of approximately AUD450 million.
The Project is the first phase of the “Sydney Metro Project”, the largest public transport infrastructure project in Australia, and consists in the construction of the new metro line that will service the North-East area of Sydney. Works completion is anticipated in January 2017 and the percentage of physical completion at December 31, 2015 was 63%.