Astaldi

Astaldi S.p.A. is an Italian multinational major construction company based in Rome. The group is active in the fields of civil engineering, hydraulic engineering, electromechanical engineering and transportation.

Astaldi S.p.A.

Company type	Società per Azioni
Traded as	BIT: AST
Industry	Construction
Founded	1929
Headquarters	Rome , Italy
Key people	Paolo Astaldi, (Chairman) Filippo Stinellis, (CEO)
Services	construction of railroads, streets and motorways, bridges, subways, airports, tunnels and hydraulic and hydroelectric power stations.
Revenue	€3.0 billion (2016)[1]
Operating income	€379.8 million (2016)[1]
Net income	€97.4 million (2016)[1]
Number of employees	11,500 (As of 2016[update])
Parent	Webuild (65%)
Website	www.astaldi.com

Corporate headquarters in Rome

Significant subsidiaries include Astaldi Concessioni, NBI, Astaldi Construction Corp, NBI, and TEQ Construction Enterprise.

History

The company was founded in 1929 by Sante Astaldi, and a member of the Astaldi family remains on the company's board. Astaldi was involved in many major European civil works projects pre-World War II, including the Rome–Naples railway. After the war, the company extended its activities to Africa, where it focused on road construction. Between the 1950s and the 1970s, Astaldi's presence was introduced to the Middle East, Central and South America, and the Far East. The company split into Impresa Astaldi Estero S.p.A. (for foreign markets) and Impresa Astaldi Estero S.p.A. (for Italian projects) in 1950 but merged to form the present-day Astaldi S.p.A. in the 1980s. Astaldi continued to diversify its projects, entering new markets in the United States, Turkey and Indonesia throughout the 1980s and 1990s.^[2]

The Canadian portion of the company attempted to build a power station at Muskrat Falls in Labrador, Canada in 2016 without having a structural engineering permit to work on such a project. The company was deemed "professionally incompetent".^[3] In November 2020, Webuild acquired a 65% shareholding in Astaldi.^[4]

Major projects

Significant projects include:

Italy

• Rome Metro completed in 1955^[5]
• Genoa Metro completed in 1990^[5]
• The Lampeggiano Dam in Italy completed in 1992^[6]
• Milan Metro completed in 1999^[5]
• The Rosamarina Dam in Sicily completed in 1999^[7]
• The Rome-Naples High Speed Line completed in 2005^[8]

Romania

• Arena Națională completed in 2011^[9]
• Basarab Overpass completed in 2011^[10]

Turkey

• Mount Bolu Tunnel, 2,954 m (9,692 ft) long road tunnel completed in 2007^[11]
• Golden Horn Metro Bridge, 936 m (3,071 ft) long metro line bridge, completed in February 2014.^[12]
• Yavuz Sultan Selim Bridge, a road-rail bridge over the Bosphorus with a longest span of 1,408 m (4,619 ft), completed in August 2016.^[13][14]
• İzmit Bay Bridge, road bridge under construction with 1,550 m (5,090 ft) longest span, due to be completed in 2017^[15]

Abroad

• Caracas Metro in Venezuela completed in 1983^[8]
• Large Electron–Positron Collider for CERN, Switzerland completed in 1989^[16]
• Copenhagen Metro completed in 2002^[17]
• Upgrade for a key stretch of Bulgarian railway infrastructure completed in 2010^[18]
• Second line of Warsaw Metro completed in 2013^[19]
• Construction of the new International Terminal of Santiago International Airport, Santiago, Chile, completed in 2021.^[20]
• Expressway S2 in Warsaw, Poland completed in 2021.^[21]
• Construction on the Versova–Bandra Sea Link in Mumbai, India due to be completed in 2023.^[22]
• Construction of the dome structure of the European Extremely Large Telescope on Cerro Armazones for the European Southern Observatory in Chile due to be completed in 2024.^[23]

References

1. "Astaldi Group Annual Financial Report 2016" (PDF). Astaldi. 24 May 2017. Retrieved 19 July 2017.
2. "Astaldi". Infra PPP World. Retrieved 19 July 2017.
3. "Astaldi issued maximum fine, found guilty of 'professional incompetence' for Muskrat Falls collapse". CBC. 4 June 2020. Retrieved 7 June 2020.
4. Webuild Completes Acquisition Of Astaldi Tunnelling Journal 6 November 2020
5. "Tagetik – Astaldi" (PDF). Archived (PDF) from the original on 27 September 2007. Retrieved 6 September 2007.
6. "Astaldi Water Projects" (PDF). Archived from the original on 9 October 2007. Retrieved 25 November 2007.
7. "Astaldi Water Projects" (PDF). Archived from the original on 9 October 2007. Retrieved 25 November 2007.
8. "Astaldi History" (PDF). Archived from the original on 7 November 2007. Retrieved 25 November 2007.
9. Astaldi estimates business stagnation in Romania in 2009 Doing Business, 15 April 2009
10. FCC and Astaldi executed the work on the Basarab Overpass in Bucharest Archived 31 March 2012 at the Wayback Machine Grupo IKC, 13 June 2006
11. "Bolu Tüneli 14 yıl sonra açıldı". NTV MSNBC (in Turkish). 24 January 2007. Retrieved 13 February 2011.
12. "Haliç Metro Crossing Bridge". halicmetrokoprusu.com. Archived from the original on 26 January 2014. Retrieved 4 February 2014.
13. "3rd Bosphorus bridge opening ceremony". TRT World. 25 August 2016. Archived from the original on 28 August 2016.
14. "Istanbul's mega project Yavuz Sultan Selim Bridge to open in large ceremony". The Daily Sabah. 25 August 2016. Archived from the original on 28 February 2020. Retrieved 29 August 2016.
15. "Bu otoyolla İzmir-İstanbul 3.5 saate iniyor". Radikal (in Turkish). 20 June 2009. Retrieved 31 March 2015.
16. "Structurae: Large Electron Positron Collider (LEP) (1989)". Retrieved 6 September 2007.
17. "Copenhagen's First Metro Line Takes Shape" (PDF). Archived from the original on 5 December 2007. Retrieved 25 November 2007.
18. "Bulgaria Signs EUR 198,1 M Railway Infrastructure Deals". Archived from the original on 7 September 2007. Retrieved 6 September 2007.
19. "Astaldi-Led Group Places Lowest Warsaw Metro Bid". Bloomberg. 16 February 2009. Retrieved 30 April 2009.
20. "Aeroports de Paris, VINCI Airports and Astaldi presented the best offer for the Santiago de Chile International Airport concession". Global News Wire. 4 February 2015. Retrieved 23 November 2015.
21. "Expressway 2". General Directorate for National Roads and Motorways. Retrieved 3 December 2021.
22. "Deal sealed, work on Versova sea link to start next month". Times of India. 5 September 2018. Retrieved 8 February 2019.
23. "EESO Signs Largest Ever Ground-based Astronomy Contract for E-ELT Dome and Telescope Structure". Retrieved 28 May 2016.