|
contents | business | |||||||||
| Impregilo to build new line of Milan underground railway As the leader and agent of a company grouping formed by Astaldi, Ansaldo STS, Ansaldo Breda, the Milan municipal transport company and Sirti, Impregilo has been provisionally awarded the tender issued by Milan City Council to select a private partner for Public Private Partnership responsible for the concession comprising the engineering, construction and subsequent operation of Line 4 of the Milan underground railway. The new line, which will be driverless and fully automated, will cover a 15.2 kilometre stretch from Linate to Lorenteggio. The project covers detailed and executive design and construction of two single-track tunnels, one in each direction, with 21 stations and a depot/workshop. The overall value of the investment, consisting largely of civil works, supply of technological services and mechanical equipment, is approximately 1.7 billion euro, of which about 2/3 will be financed by funding provided by the Italian State and Milan City Council. Impregilo and Astaldi will be responsible, on an equal basis, for the civil works, totalling approximately 870 million euro overall. The concession is for 30 years, including 6.5 years for engineering and construction works, and the remaining 23.5 years for the operating phase. The project envisages total operating revenues of approximately 2.7 billion euro, computed on the basis of a minimum traffic of 86 million passengers/year guaranteed by Milan City Council. Impregilo and Astaldi have a 9.6% participation in the concession project. write your comments about the article :: © 2011 Construction News :: home page |