Italian HS construction contract wins

expat network

Italian HS construction contract wins

Italian Railway Network (RFI) has signed two contracts for civil works on new high-speed lines in northern Italy.

Cepav, a consortium of Saipem (52%), Società Italiana Condotte d’Acqua (12%), G Maltauro (12%), and Pizzarotti (24%), has been awarded a €768m contract to carry out civil works on the Brescia – Verona high-speed line. This €3.95bn project is currently in the final stages of approval by the Interministerial Committee for Economic Planning (CIPE), which will assign the budget for construction to RFI, and civil works are expected to begin in the first half of this year.

The second contract, which covers civil works on the Verona – Vincenza section of the Verona – Padova high-speed line, has been awarded to Iricav, a consortium of Fintecna, Salini Impreglio, Lamar Contracts, Astaldi, and Pipelines. Construction is expected to begin by the end of this year and the total budget for the project is €4.15bn, which includes €190m for connections to the conventional network in the Verona area.

Source: International Railway Journal

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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.