Webuild Wins 1 Billion Dollar Pennsylvania Tunnel Deal
Italy's largest construction firm Webuild announced that its subsidiary Lane won a contract for a hydraulic tunnel project in Pennsylvania. The joint venture with Brayman will construct an eight-kilometer tunnel system to reduce untreated water overflows into local rivers.
Insights:
Webuild and partner Brayman secured a $1 billion hydraulic tunnel contract in the United States on June 3. The 8-kilometer Pennsylvania project marks the first of three planned segments under the Regional Tunnel System. This deal expands the North American footprint for Webuild through its Lane subsidiary, which holds a 50% stake in the venture.
