The work involves widening the I-405 highway and installing a toll system between Renton and Bellevue. Flatiron West leads the joint venture with a 60% stake.
Work is expected to start in early 2020 and be completed in 2024.
“October was been a busy month for us in North America,” said Salini Impregilo chief executive Pietro Salini. “We signed two contracts – one for a highway and another for a water tunnel storage - in the state of Washington, a market where we are entering for the first time. We also marked our return to Canada after some 30 years to build a light rail transit line together with Astaldi.
“These contacts confirm our commercial strategy: to consolidate our order book in countries with low risk profiles and major infrastructure investment programmes, which prove to be a real boost to the economy. We have also made the most of our portfolio of non-strategic assets at the Salini Impregilo Group with the sale of Power & Energy Solutions (LPES), a unit of our US subsidiary Lane. This is allowing Lane to focus more on large infrastructure projects in sectors like transport, water and tunnelling.”
Got a story? Email news@theconstructionindex.co.uk
