The JV between Itinera, Saipem and ICM awarded a contract worth approximately €700 million for the construction of Lot 4 of the A8 Motorway in Romania
Italy, July 7 -- The Joint Venture comprising Itinera S.p.A. (part of ASTM Group) as lead partner (40%), Saipem S.p.A. (35%), and ICM S.p.A. (25%) has been awarded the contract for the design and construction of Lot 4 of the A8 "Unirii" Motorway in Romania. The contract was awarded by Compania Na?ional? de Investi?ii Rutiere (CNIR), Romania's National Road Investment Company. The total value of the contract is approximately €700 million, of which Saipem's share amounts to approximately €245 million.The motorway section will extend for approximately 21 kilometres, including around 5 kilometres within the territory of the Republic of Moldova, and will connect the city of Ia?i, in north-eastern Romania, with the Republic of Moldova...
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