Astaldi has a 42.51% stake in the joint venture, which it is carrying out with Ghella (42.49%) and Oberosler, Cogeis and PAC. 聽The team will build an exploration tunnel and two main tunnels from Mezzaselva in Fortezza to the Italian border with Austria. A total of 23km will be dug using traditional methods and 46km will be excavated with TBMs.聽 The estimated duration of works is 7 years.
This formal signing of the contract ratifies the start of works and follows a preliminary 聽announcement in March.
鈥淲e are proud to be able to contribute to one of the most important works under construction in Europe to date,鈥� said Astaldi Group CEO Filippo Stinellis. 鈥淭he Brenner Tunnel, once completed, will be the longest underground railway in the world.鈥� He added that the project is a great opportunity for those building it and for Italy for the employment levels it will guarantee during its construction, but also because it is a pioneering work of engineering that will significantly enhance passenger and freight transport through the heart of Europe.
The Brenner Tunnel has an overall cost of 鈧�8.8bn, 40% of which is funded by the EU and the remaining 60% by funds made available by Italy and Austria, with Italy providing 鈧�2.65bn. The 64km route, which will run from Fortezza to Innsbruck, is primarily intended for freight transport and will create a modal shift of traffic from road to rail.
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