On a negative (but recovering) day for Piazza Affari, the title Webuild travels in stark contrast, earning 1,47% to 2,348 euros. The news relating to the new contract worth over one billion euros signed in Norway together with the Sotra Link consortium for the construction and management of the road and bridge system called the “RV.555 Sotra Connection PPP Project”. It is a system consisting of roads, tunnels, bridges and viaducts, to be built in the western county of Vestland.
Webuild, according to the company note, "participates in the project with a 35% share of the Sotra Link consortium for the execution of the design and construction works, and with a 10% share of the project company which will also lead the operation & maintenance activities”. The closing of the transaction is expected in the first quarter of 2022.
The contract “leads to 10,6 billion the total consolidated value of new orders which Webuild has acquired, is in the process of finalizing or for which it has been the best bidder since the beginning of the year, and to which must be added the additional 13 billion relating to the contract for the construction of the first high-speed railway line in Texas”. We also recall that in recent days WeBuild was awarded a contract for the construction of two sections of the Pedemontana Lombarda, and a new order relating to the expansion works of a section of the I-40 motorway in North Carolina.
The Norwegian project includes a suspension bridge 30 meters wide and 900 meters long, with pylons 144 meters high, while the road system includes the construction of 12,5 kilometers of tunnels (including secondary ones), 19 road and pedestrian underpasses, 23 tunnel accesses , 22 bridges and viaducts and 14 km of pedestrian and cycle paths. “Norway is a strategic value market for Webuild. We have been in Norway for over 15 years and we have been able to see that values that are part of the Group's DNA such as innovation, sustainability and inclusion are fundamental elements for the country that hosts us - he commented CEO Pietro Salini -. This sharing of values, together with the push that the Norwegian government is giving to investments in infrastructure and digitalisation, lead us to see Norway as an ideal reference partner, with whom we want to work and where we want to invest in the long term".
