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Implenia wins sustainable mobility project in northern Italy: construction of Fortezza-Ponte Gardena Railway worth EUR 1.07 billion

·4-min read

Implenia AG / Key word(s): Incoming Orders

14-Jun-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

A new railway line running for 22.5 kilometres from the Brenner Base Tunnel will be a key element in an improved European mobility network. Implenia's experience, expertise and competence in complex infrastructure projects were the decisive factors in winning the contract - precisely in line with the company's strategy.

Dietlikon, 14 June 2021 - Implenia's consortium emerged as best bidder in March for the contract to plan and build a 22.5 kilometre section of high-speed railway line between Fortezza and Ponte Gardena. The contract, worth a total of EUR 1.07 billion has now been officially awarded. Connecting the Italian side of the Alps to the Brenner rail tunnel, the new line will form an important part of an improved European mobility network. It will allow faster connections and greater capacity between Munich and Verona. The customer is Rete Ferroviaria Italiana S.p.A. (RFI). Implenia (49%) is planning and building the project in a joint venture with partner Webuild Group (51%). The legally binding award of the contract is subject to a 35-day appeal period.


'Implenia is proud to be planning and building such an important part of Europe's future railway network,' says Christian Späth, Head Division Civil Engineering at Implenia. 'In a project like this we can really make our great experience in all areas of major infrastructure projects count. Our extensive expertise and competence were important criteria in the decision to award us this contract. The assignment also fits well with our strategy of planning and building large and complex tunnelling and related infrastructure projects in various markets.'


Major improvement to mobility in northern Italy

The new railway line, which will mostly be underground, will quadruple the Verona-Fortezza line at the southern end of the Brenner and significantly reduce journey times for passengers and freight. New standards are also being introduced on the Munich-Verona route that will increase the speed and power limits that currently force trains to run relatively slowly on the existing line, especially on inclines.


The project won by Implenia will contribute to a sustainable improvement in mobility in northern Italy. The funds allocated to the project are earmarked for the long-term modernisation of the country's infrastructure and for job creation. It is forecast that the project will directly or indirectly create around 15,000 jobs over coming years - along the whole supply chain and in the local economy.

Contact for media:
Corporate Communications, T +41 58 474 74 77, communication@implenia.com

Contact for Investors and Analysts:
Investor Relations, T +41 58 474 35 04, ir@implenia.com

Dates for investors:
17 August 2021: Media and analysts' conference on the half-year results

As Switzerland's leading construction and real estate service provider, Implenia develops and builds homes, workplaces and infrastructure for future generations in Switzerland and Germany. It also plans and builds complex infrastructure projects in Austria, France, Sweden and Norway. Formed in 2006, the company can look back on around 150 years of construction tradition. The company brings together the know-how of its highly skilled consulting, planning and execution units under the umbrella of an integrated leading multinational construction and real estate service provider. With its broad offering and the extensive experience of its specialists, the Group can realise complex major projects and provide customer-centric support across the entire life-cycle of a building or structure. It focuses on customer needs and on striking a sustainable balance between commercial success and social and environmental responsibility. Implenia, with its headquarters in Opfikon near Zurich, employs more than 8,500 people in Europe and posted revenue of almost CHF 4 billion in 2020. The company is listed on the SIX Swiss Exchange (IMPN, CH0023868554). More information can be found at implenia.com.


End of ad hoc announcement

Language:

English

Company:

Implenia AG

Industriestrasse 24

8305 Dietlikon

Switzerland

Phone:

+41 58 474 74 74

E-mail:

info@implenia.com

Internet:

www.implenia.com

ISIN:

CH0023868554

Valor:

A0JEGJ

Listed:

SIX Swiss Exchange

EQS News ID:

1207306


 

End of Announcement

EQS Group News Service

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