Italy appoints Salini Impregilo and Fincantieri to rebuild Morandi Bridge in €202m deal

Autostrade, which holds the concession for the bridge, has been excluded from the project but will pay for the reconstruction.

Italian construction pair Salini Impregilo and Fincantieri have been chosen to rebuild the collapsed Morandi Bridge in Genoa in a deal worth €202 million to the duo.

The two companies declared that they will complete the reconstruction of the bridge by the end of 2019, in what Pietro Salini, chief executive of Salini Impregilo, said “is the dream that we are hoping to give” the people of Genoa. The bridge collapsed in August, killing 43 people.

The awarding of the contract confirms the exclusion of Autostrade per l’Italia from the reconstruction, a move which the Italian government had been keen to confirm, despite the company’s insistence it was ready to rebuild the site.

Parent company Atlantia said last month it had set aside €350 million for the rebuilding of the bridge, in addition to compensation to people and businesses directly affected by the collapse.

A spokesman for the Italian Ministry of Transport said it does not yet know who will manage the bridge after Salini Impregilo and Fincantieri’s reconstruction is complete as it is still undergoing legal procedures to revoke the concession held by Autostrade for the bridge, in addition to other motorway concessions managed by the company.

The Genoese mayor’s office confirmed to Infrastructure Investor that Autostrade will pay for the bridge “as required by law”. The government has set aside funds worth up to €360 million in the event Autostrade refuses, which the mayor’s office believes to be unlikely.

“Autostrade will not rebuild the Genoa bridge,” Italy’s deputy prime minister Luigi Di Maio said. “Fincantieri will do it. We had promised to the families of the victims that Autostrade would not have laid a single stone, and so it is. It was the least that could be done in respect of those who are no longer there. Good work to [Genoa mayor Marco] Bucci and Salini – Fincantieri: it will be a busy year and the government will be available to them.”

Autostrade stated last week that it will not make any attempts to obstruct or delay the reconstruction but will appeal against the legal procedures to revoke the company’s other concessions. It manages more than 3,000 kilometres of motorways in the country.
Autostrade is 88 percent owned by Atlantia. The remainder is held by China’s Silk Road Fund, Allianz Capital Partners, DIF Infrastructure and EDF Invest.