Contract awarded for Lot 1 of Palermo-Catania-Messina railway in Italy

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Webuild Group has won a construction contract (Design-Build) for Fiumefreddo-Taormina/Letojanni Functional Lot 1, which is a subsection of the Giampilieri-Fiumefreddo section of the railway, in Italy. 

Worth about EUR640 million (US$757.98 million), the project will contribute to the doubling of the capacity of the Palermo-Catania-Messina high-capacity railway in Sicily. The consortium of Webuild as a leader (70% stake) and Pizzarotti (30%) was commissioned by Rete Ferroviaria Italiana (Gruppo FS Italiane). The lot is expected to create 8,000 jobs and involves work along 15 kilometres of the railway between Messina and Catania, from Fiumefreddo to Taormina/Letojanni. It includes an interconnection at Taormina/Letojanni, the dismantling of installations along the existing line between Fiumefreddo and the link with the historic line. 

Once operational, travel between Messina and Catania will be approximately 30 minutes faster. 

List of the country updates

Country updates

  • July 05, 2021

    Final close for Vauban Core Infra Fund III

    Vauban Infrastructure Partners has reached a hard cap close of EUR2.5 billion (US$2.95 billion) for its third core infrastructure fund.  Vauban Core Infrastructure Fund III will take a buy-and-h...

    Read more
  • June 18, 2021

    Contract awarded for concession of five highways in Italy

    The Italian Ministry for Infrastructures and Transport has granted a concession contract for the operations rights of the five Italian highways to the SIS consortium, formed by Sacyr and Fininc. ...

    Read more
  • June 17, 2021

    CDP consortium reaches agreement to acquire 88.06% stake in ASPI

    The Consortium comprised of CDP Equity, Blackstone Infrastructure Partners, and Macquarie Asset Management has reached an agreement with Atlantia S.p.A. (Atlantia) to acquire its 88.06% equity interes...

    Read more
  • June 10, 2021

    Final Close of USD3.65 billion achieved for European Infrastructure Fund

    DWS has announced the final close of its third Pan European Infrastructure (PEIF III) fund achieving EUR3 billion (US$3.65 billion).

    Read more
  • May 27, 2021

    Conquest launches second sustainable infrastructure fund

    Conquest, an alternative asset management firm, has received AIFM authorization from the French regulator, Autorité des Marchés Financiers, and launched its second European fund,&nb...

    Read more

Share this update