European-controlled companies have won two major tunnel contracts in Australia covering a 2,000 MW pumped storage scheme in the Snowy Mountains of New South Wales and a privately financed railroad line in Brisbane, Queensland.
Valued at U.S. $3.6 billion, a contract for the civil and electromechanical works on the Snowy 2.0 hydro project went to the Future Generation joint-venture, which is 65% owned by Italy’s Salini Impregilo S.p.A and its U.S. subsidiary Lane Construction. Australia’s Clough Projects Pty. has the balance.