Cmc bags $190mn Beirut water network contract
Italian company clinches deal to build 24 kms of tunnels and pipelines.
Italian construction firm Cmc di Ravenna has won a EUR 165mn ($191mn) contract to develop the water network in Beirut.
The project, which consists of building 24 kms of tunnels and pipelines using two tunnel boring machines (TBM) and will be partly financed by the World Bank.
“This award testifies CMC capacity in the technologically complex sector of excavation employing TBM, where it will operate using 16 machines during 2015, both in Italy and abroad," the company said in a statement.
CMC booked new orders worth approximately EUR 1.2bn, of which EUR 750mn was secured outside Italy.