Astaldi informs that, due to organizational needs, the Meeting of the Board of Directors for the approval of the Interim Report on Operation at 31 December 2011, originally scheduled for February 10 2012, will be held on 9 February 2012.
Astaldi Group has secured two contracts in Chile with the state-owned company Corporación Nacional del Cobre de Chile (CODELCO), worth a total of approximately USD 420 million. USD 155 million construction tunnelling works in the largest copper mine in the world. USD 34 million to build a copper and molybdenum treatment and recovery plant and USD 230 million concession revenues for the operation of the same plant
Astaldi Group, as leader of the Astaldi S.p.A. - Impregilo S.p.A. joint venture (in which Astaldi holds a 60% stake), has been awarded the general contracting project to construct Mega-Lot 3 of the Jonica National Road (NR-106) in Italy, worth a total of EUR 791 million.
Today Astaldi has signed a forward-start agreement to lengthen the maturity date of its existing long-term EUR 325 million loan facility from April 2013 to December 2016. The transaction is aimed at guaranteeing the financing of investments which ensure Group’s planned growth targets for the next five years. Furthermore, the transaction provides the Group with a greater flexibility in its financial structure
The Astaldi Group, holding a 51% stake in a joint venture with the Turkish construction firm Turkerler, has received the letter of award, as preliminary to signing the contract, of the concession contract for the design, construction, and operation of the Etlik Hospital complex in Ankara, Turkey.
The Board of Directors of Astaldi S.p.A., chaired by Paolo Astaldi, met today to approve Astaldi Group’s consolidated results at 30 September 2011. The growth targets for 2011 set down in the business plan are confirmed. Stefano Cerri, the Group’s Chief Executive Officer, reported the following: “The strategic policies that have been planned and implemented such as geographical diversification, supported by risk analysis, and acceleration of concession investments, have ensured the Group has the fleximility and reactivity needed to continue to achieve and surpass the set growth targets despite the extremely difficult international situation”.
Astaldi, in joint venture at 33.33% with Impregilo and Ghella, has signed with IFE (the Venezuelan Railway Institute) an increase of contract for the completion of the Puerto Cabello-La Encrucijada railway line, which is already at an advanced stage of completion by the same JV.