Link Securities | The Sacyr consortium responsible for the construction of the bridge over the Strait of Messina (Italy) is about to sign the contract for what would be Europe’s largest public works project in terms of investment, worth around €13 billion, of which around €10 and a half billion correspond to the Sacyr consortium, which holds 22.4% of the business alliance involving the Italian companies Webuid, Condotte and Itinera. The Japanese company IHI is also involved.
According to Sacyr, all that is needed is EU environmental authorisation and the Italian budgetary body’s approval of the contract supported by Giorgia Meloni’s government. Sacyr, which has been working on this contract for some 20 years, has a portfolio of more than €2 billion in work on the bridge. For Sacyr, this represents the recovery of one of the major projects won by the Spanish company, on a par with the third set of locks on the Panama Canal. The infrastructure will have six lanes for road traffic and was also planned to support a double-track railway line.
