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| Astaldi: restart of payments from Venezuela Italian general contractor Astaldi informs that it has received four tranches of payments of receivables related to railway projects in progress in Venezuela. As of today, the sum collected by Astaldi amounts to USD 43 million. This provides confirmation of the restart of payments from Venezuela, which is deemed a necessary condition in order for contractual relations with IFE (Venezuela's state railway company) to return to normal, and for a possible gradual resumption of production activities. Astaldi Group – as part of a joint venture with other Italian companies – is involved in the construction of over 450 kilometres of new railway lines in Venezuela along the Puerto Cabello-La Encrucijada, Chaguaramas-Cabruta and San Juan de Los Morros-San Fernando de Apure routes. write your comments about the article :: © 2014 Construction News :: home page |