Astaldi wins Eur 140 million construction contract in Chile

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Astaldi wins Eur 140 million construction contract in Chile

The Astaldi Group is the winner of the EUR 140 million construction contract (CLP 103 billion, 100% Astaldi) to build the Linares Hospital in Chile.

The EPC Contract calls for the design and construction of a new healthcare facility in the centre of the city of Linares, in the Maule Region. The new complex will provide 329 beds and 11 operating rooms, over a total area of about 87,000 square metres distributed in an 8-storey building, including an underground level. The systems will be built by NBI, the Astaldi Group Company specialised in plant engineering. The work is to have a duration of slightly over 6 years, with design to begin before the end of 2017.

The Customer is Chile’s Ministry of Health, and the works will be financed with State funds. This acquisition further consolidate the Group’s presence in Chile, where it has been operating for more than 10 years and is currently engaged in the construction of two new healthcare facilities (523-bed Santiago’s West Metropolitan Hospital, which it will also operate, and the recently acquired, 967-bed Barros Luco Trudeau Hospital), as well as the construction and operation of Santiago’s Arturo Merino Benítez International Airport (transport capacity equal to 30,000,000 passengers/year) and the execution of the designs for the construction of the Cerro Armazones ELT Observatory (the world’s largest optical telescope), and for the underground expansion of the Chuquicamata Mine (the world’s largest open-pit copper mine).

Astaldi Group is one of Italy’s leading General Contractors, and among Europe’s top 25 firms in the construction
industry, where it also works as a sponsor of project finance initiatives. An international player for 90 years, it addresses the market by developing complex and integrated initiatives in the field of designing, building, and operating public infrastructures and large-scale civil engineering works, mainly in the areas of Transport Infrastructures, Energy Production Plants, Civil and Industrial Construction, Facility Management, Plant Engineering, and Management of Complex Systems.

Listed on the stock market since 2002, it ended the 2016 financial year with a total order backlog of over EUR 27 billion and turnover of more than EUR 3 billion. It boasts more than 11,500 employees and operates mainly in Italy, Europe (Poland, Romania and Russia) and Turkey, Africa (Algeria), North America (Canada and the USA), Latin America, the Middle East (Saudi Arabia) and the Far East (Indonesia).

Source: www.astaldi.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.