On November 17, 2011, the subsidiary SKG, in which Kolin and Generali Costruzioni Ferroviarie also hold a stake, received the order to start work on the "Rehabilitation and reconstruction of the Kosekoy-Gezbe section of the Ankara Istanbul high speed train project."
The initiative, emblematic of the remodernization of Turkey's transportation system, includes dismantling of the current railway line and subsequent construction of a new dual-track line some 55.6 km long connecting the country's two "capitals." The new railway line will have an operating speed of 160 km/h.
Construction of the railway superstructure and the signaling, electrification, and telecommunication works are part of the project.
In August 2012, the Client issued a new service order to widen the railway for the addition of a future third line.
The funding body formally authorized its construction and now the project is pending a formal draft of the addendum.
The contractual amount comes to approximately €147 million.
Removal of the existing railway section and civil engineering works is complete, while the railway works are at an advanced stage and the electromechnical works have been started.
On March 26, 2013, the Ministry of Health of the Republic of Turkey awarded Salini SpA, as part of a joint venture with the Korean company Samsung C&T, the Dutch company Simed, and the local company Kayi Insaat, a concession to build and manage an important hospital complex in the city of Gaziantep with a total of 1,875 beds on a surface area of just over 500,000 square meters.
The initiative will be carried out based on the PPP (Public Private Partnership) model through an SPV (Special Purpose Venture) in which the Group holds 28%. In turn, the SPV will assign the design, construction, and supply work to a joint venture consisting of Salini Impregilo (33%), Samsung, and Kayi, for a total value of approximately €510 million.
The concessionaire was duly registered with the Istanbul Chamber of Commerce on June 20, 2013 under the name of Gaziantep Hastane Sagalik Izmetleri Isleteme Anonim Sirket.
The design of the healthcare facility, to be completed in about 8 months, has started and the negotiating phase between the potential lenders, the project company (Concessionaire or SPV), and the Minister of Health is in progress to define the financial terms and conditions.
The percentage of work completion as of March 31, 2014 was 70.4%.
A contract was signed on July 19, 2011 for the resurfacing of roughly 53 km of the M5 Minsk-Gomel road stretch, for a total value of approximately €93 million.
Physical production started in November 2011, after the Client delivered the four acquired lots, and was completed on November 15, 2013.
The contract is currently in the maintenance period, which will end on November 15, 2015.