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| Astaldi wins new railway contract in Romania Italy-based Astaldi, in joint venture with a 18.75% stake, has been assigned the contract for a total value of 254 million euros for the modernization of the Frontiera-Curtici-Simeria railway line in Romania. The contract foresees the modernization of 41 kilometers of railway line and of 4 railway stations, the doubling of 5 kilometers of railway line and the implementation of signaling, electrical and telecommunications engineering. Once completed, the railway line will be able to have passenger trains running at a speed of 160 Km/h whereas trains transporting goods will run at 120 Km/h. Works are planned to start at the beginning of 2012 and to last approximately 2 years. The client is C.S.R. S.p.A., the national Romanian railway company, and the project is financed by both European and Government funds. The joint venture includes Astaldi, the Romanian companies Euroconstruct Trading and Dafora, the Austrian company Swietelsky (all with a stake of 18.75%) and Alstom Transport (25% stake and project leader). write your comments about the article :: © 2011 Construction News :: home page |