€1.7 billion maxi-project in Qatar for Impregilo (Salini Group)

PRESS RELEASE - Rome, May 17, 2013

€1.7 billion maxi-project in Qatar for Impregilo (Salini Group)

Tender won for the construction of the “Red Line North” Metro in Doha

This infrastructure construction contract further strengthens the economic and financial relationship between the Emirate of Qatar and Italy

May 17, 2013 - Impregilo, leader with a 41.25% share of a special purpose company, has been awarded a contract by Qatar Railways Company to design and build the “Red Line North Underground” in Doha.

The “Red Line North” will extend over a distance of approximately 13 km northward from Mushaireb station, with the construction of 7 new underground stations. Specifically, two parallel tunnels will be excavated, for the two directions of travel, for a length of about 11.6 km and an internal diameter of 6.17 metres. The new project, together with three other underground lines, is a part of a wide-ranging plan to realize a new transportation infrastructure promoted by Qatar within the framework of the National Development Plan for 2030 (“Qatar National Vision 2030”) which foresees significant investments to enable sustainable economic growth internally and abroad. Recently, Emir Khalifa Al-Thani met in Italy with the Italian Government with the aim of developing the relationship between the two countries.

The total contract amount of the “Red Line North” contract is approximately 8.4 billion Qatari Riyals, equal to circa 1.7 billion euros, of which 630 million euros relative to the planning and civil works and approximately 1.1 billion euros of provisional sums for preparatory works, electro-mechanical plant and architectural works for the stations.

The Salini-Impregilo’s reaffirms its leadership in the transportation infrastructure segment and is currently engaged in the construction of several subway lines: Rome and Milan, Copenaghen (Denmark), San Francisco (USA), Thessaloniki (Greece) and Santiago (Chile).
The Middle East and, in particular, the countries of the Persian Gulf region represent a priority for the Group’s future. More specifically, the Group is already involved in Qatar in the design and construction of the first phase of the Abu Hamour (Musaimeer) water system in Doha, which will collect surface and underground rainwater and includes the construction of a 9.5 km surface and ground water drainage tunnel.

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