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Salini Impregilo Bags Highway Project in Washington

Infra News - Published on Tue, 05 Nov 2019

Image Source: corporatebe.salini-impregilo.
Lane, a US company that is part of the Salini Impregilo Group, has won a design-build contract with an overall value of USD 705 million to widen the highway and install a dual express toll system on Washington’s I-405 between Renton and Bellevue, one of the US state’s most travelled and congested corridors. The contract, won by a joint-venture involving Lane with a 40% stake and partner Flatiron West, involves widening the highway and installing dual express toll lanes between the I-405/SR interchange in Renton and NE 6th Street in Bellevue. Work is expected to start in early 2020 and be completed in 2024.

The second contract won by Lane in Washington following the signing of one for USD 255 million for a water storage tunnel, marks a further expansion of Salini Impregilo in the United States, its biggest market by revenue. This growth trend falls in line with the launch of Progetto Italia (Project Italy), an industrial operation led by Salini Impregilo to consolidate the Italian infrastructure sector in order to compete better in international markets. In the United States, the Group aims to increase its market share with new projects in the transport, water and tunnelling sectors.

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Posted By : Ratan Singh on Tue, 05 Nov 2019
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