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Index

Cover

4 Global Leader

6 We Build Value

8 Our Strengths

10 World Presence

12 We Grow in the U.S.

14 Business Areas

16 Water

22 Railways

28 Roads

34 Buildings

40 Sustainability

42 A Quality-Focused Group

44 Our People

46 Corporate Executives

48 Over a Century of History

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01
02
03
Global Leader
Salini Impregilo S.p.A. is a multinational company based Focus on economies
in Italy, listed on the Milan stock exchange, Borsa Italia-
na, specializing in the construction of major, complex
with rapidly developing
infrastructure projects throughout the world. construction markets
It operates in more than 50 countries with design,
engineering and construction solutions. It is recognized With more than 35,000 employees, a turnover of
as worldwide leader in the water sector since 2013 around €6 billion and a backlog in excess of €36
by ENR, a leading publication for the engineering and billion, Salini Impregilo competes with the biggest com-
construction industry. panies in the world, with a passion consolidated through
a long history of successful projects on every continent.
Global player in large, complex
infrastructure projects Its management is committed to perform along the
highest ethical and professional standards in accordan-
Its experience ranges from the construction of dams, ce with the principles of social, economic and environ-
hydroelectric plants and hydraulic structures, water mental sustainability.
infrastructures and ports, to roads, motorways,
railways, metro systems and underground works, to
airports, hospitals and public and industrial buildings, to
civil engineering for waste-to-energy plants and environ-
mental protection initiatives.

04
05
We Build Value
Inspired by the principles of sustainable development,
the Group uses technological and organisational
innovation combined with its extraordinary human and
professional resources, to develop solutions that contri-
bute to the economic and social development of
countries and enhance the resources of communi-
ties.
It operates in sectors requiring long and extensive expe-
rience, particularly renewable energy, water, transport
and urban infrastructure. It develops bespoke and
innovative proposals for big projects after analysing
the client’s needs and researching the most effective
technological solutions.
Salini Impregilo collaborates with designers, engine-
ers and suppliers to prioritise issues concerning
health, safety and the environment. It also engages
continuously with local stakeholders, and recruits, trains
and cares for large local workforces.

Our vision Our mission

We firmly believe that large infrastructure projects
contribute to the creation of a better world for
current and future generations, promoting balance
between humans and their environment.
We undertake daily to build a better world, bringing
together beauty, functionality and quality, continuing
the engineering legacy of ancient Rome and the great
works of the Renaissance, from which we draw
inspiration.

Our values

Solidity Excellence Transparency Respect

We build infrastructures
that last in time and
promote sustainable
development for current
and future generations.
We believe in
competence and skill, in
work that is well done
and capable of
exceeding client’s
expectations.
We promote an ethical, We respect people,
open and transparent diversity and the
conduct with all our environment.
stakeholders.

06
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Our Strengths
Our unique value proposition
A global Group focused on large-scale civil engineering
projects to improve people’s lives
A long and successful track record dating back more than 110 years
Outstanding skills in key segments

Significant geographical diversification

A large and long-term backlog of orders
The Group's size enables it to compete for the biggest projects in the world
Geographical diversification across different continents and countries at
various stages of development
Proven ability to penetrate new markets

A high level of competitiveness

A very strong focus on market opportunities
The ability to compete selectively, focusing on projects with the best
balance between available resources and risk/reward profile

A history of consistently
strong and continuous growth
Enhanced ability to grasp global opportunities while managing risk
Significant presence in high-growth markets: U.S., Middle East, Australia
Global scale that does not link the Group’s exposure to the economic
growth of individual country or region

Solid financial structure

Strong commitment to grow while maintaining a solid financial structure
Highly liquid balance sheet
Low net debt/equity ratio
Efficient use of capital

08
09
World Presence

50 27%

E
countries

OP
EUR

Y
ITAL
11%

35,000
AM
s

ER
ue
en

employees
ICA
rev

of over 100 S
ane

nationalities
32%
&L

ICA
ilo
preg

AFR
lini-Im

20%
billion €

Combined Sa
6.0

Track record
From 1960 to 2016

257 51,660km 7,230km

dams and of roads of railways (6,830km)
hydroelectric plants and motorways and metro lines (400km)

10
 TOTAL BACKLOG* 36.0 billion €
NEW ORDERS 5.4 billion €

NET DEBT 26.8 million €

+25% +35% +29%

REVENUES EBITDA EBIT

Data at December 31, 2015

Variations % versus previous year

15% AU A
SI RAL I A
A&
ST

6%
ST

E A
MID DLE

Percentage of revenues
% by geographical region

* combined Salini Impregilo and Lane backlog

1,450km 350km 37,500MW OV

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of underground of bridges of installed capacity
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works and tunnels and viaducts

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11
We Grow
in the U.S.
Lane Construction Corporation:
the merger with Salini Impregilo
Salini Impregilo strengthened its presence in the United States in 2016,
merging with The Lane Construction Corporation, one of the country’s
leading heavy civil construction companies.
Based in Cheshire, Connecticut, Lane is a top U.S. highway contractor. For
the past five years, it has consistently ranked in the top 50 of the 'Top 400
Contractors' list published annually by Engineering News-Record (ENR).

Founded in 1890, Lane is a specialist in highways, bridges, mass transit

routes and airport runways. It helped make the U.S. Interstate Highway
System a reality by building some of the nation’s most well-known superhi-
ghways, contributing to the development of the U.S. economy.
Lane’s projects have come to include runways for airports like Dulles Interna-
tional Airport in Washington, D.C., and race tracks for sports cars, before
going abroad to open activities in Qatar and the United Arab Emirates, where
it did a runway for the Sharjah International Airport.

With nearly 5,000 employees, Lane operates in more than 20 states and
has operations along the East Coast and in Texas.

Lane is a leader in public-private partnerships (P3), an expertise it has deve-

loped over the past decade.

It has also become the largest private producer of asphalt in the United
States.

I-485/I-85
Interchange
North Carolina
USA
2011 - COMPLETED

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Business Areas
Ertan
Hydroelectric Plant
CHINA
Dams, Hydroelectric Plants,
Hydraulic Projects and Ports
Salini Impregilo is the undisputed leader in the
water segment of the infrastructure industry, as
recognized by the specialist publication,
Engineering News-Record (ENR).
Acting as a client’s strategic partner at the
inception of every project, the Group helps with
the adoption and development of renewable
energy production in a multitude of countries.
During the course of the years, it has built 257
dams and hydroelectric plants on five continents,
resulting in a combined installed capacity of more
than 37,500 MW of clean, cheap energy.
Salini Impregilo is also specialized in
underground works for the collection, storage
and treatment of waste and rain water, thereby
saving this precious resource and reducing the
amount of pollution that often contaminates rivers
during times of flooding.

Railways and Metro Systems

With a track record of 6,830 km of railways, 400 km
of metro systems and 1,450 km of underground
works, Salini Impregilo makes an enormous
contribution to urban and extra-urban mobility.
It helps provide a valid alternative to traditional,
private means of transport with safe, efficient and
environmentally friendly public systems, particularly
relevant in mega cities.
The Group is experienced in working in extreme
environmental conditions, such as those found in
Doha and Riyadh where it has been involved in two
of the biggest metro systems in the world. It is also Turin-Milan
able to manage projects in highly congested urban High Speed-Capacity
areas, as it did for the San Francisco subway. Railway System
It is quick to adopt the latest technology in its ITALY
projects, such as driverless trains for metros and
railways built or under construction in Copenhagen,
Thessaloniki, Milan and Riyadh.

14
 Ras Al Khor
Interchange - Dubai
UAE
Motorways,
Roads and Bridges
Roads play an undeniably critical role in the
social and economic development of a
country. They are also one of the most
promising and potent means for rapid
industrialization, both for congested urban
areas and remote regions.
Salini Impregilo has built more than 51,660 km
of roads and motorways and 350 km of
bridges and viaducts across the globe. It
remains involved in numerous projects of
various sizes and complexity, with a focus
on the United States.

Civil and Industrial

Buildings, Airports
Working in partnership with star architects
and designers, Salini Impregilo plays a key
role in the construction of innovative and
iconic buildings. Its experience includes
religious and government buildings,
commercial towers, hospital complexes,
Stavros Niarchos university campuses, theatres and other
Foundation structures that provide important services to
Cultural Center – Athens communities.
GREECE When it comes to airports, the Group has
proven to be capable of building them in
urban areas and in the remotest regions
under the most challenging conditions.

15
Our business areas

Water
Dams, Hydroelectric Plants,
Hydraulic Projects and Ports

The construction of large-scale dams and hydroelectric plants has

always been a feature of Salini Impregilo’s work across continents, accoun-
ting for 50% of all hydroelectric energy produced in some countries.

Sector leader

Salini Impregilo’s experience in building such plants has earned it a wealth

of unrivalled experience.
Its competencies allow the Group to overcome a project’s technical and
geological challenges, as well as deal effectively with social, political,
environmental and financial issues that can arise. In many cases, its
solutions set precedents, such as the Lake Mead Intake 3 that guarantees
the supply of water to Las Vegas.
It develops technologies to meet the requirements of each project, including
plants for the distribution and pouring of concrete. They include tower
cranes and cable cranes with oscillating or radial-movement towers on
horizontal or inclined pathways to conveyor belts.
The need to respect highly demanding deadlines has led Salini Impregilo to
develop the ability to plan and manage large-scale facilities for the
production of aggregates and concrete. The characteristics of the geolo-
gical structures and the environmental conditions have often required the
installation of cooling and/or heating systems to control the temperatures of
the concrete during the placing and curing phases.

Ertan
Hydroelectric Plant
CHINA
1991 - COMPLETED

16
 generating installed concrete
capacity

17 GWh per year 3,300 MW 5,000,000 m 3

the volume of
2 Great Pyramids
of Giza

length height
775 m 240 m
foundation width
56 m

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 Our business areas

Water

Sogamoso
Hydroelectric
Project
COLOMBIA
2009 - COMPLETED

18
19
Main Projects
Ulu Jelai Hydroelectric Plant
MALAYSIA - 2011 - ONGOING
Located in the state of Pahang, the project
involves the construction of an underground
power station, hydraulics tunnel and a main
dam. The dam, carried out in RCC, measures
85 m in height and 512.50 in length. The project
is part of a wider program for the Malaysian’s
energy development.
Grand Ethiopian Renaissance Dam
GERD
ETHIOPIA - 2010 - ONGOING
Built in RCC, this dam is considered the biggest
in Africa. It measures 1,800 m in length and
155 m in height, with an overall volume of
10,400,000 m3, twice as big as the largest RCC
dam built until now on the continent. The two
operational hydroelectic power stations are
expected to provide an output of 6,000 MW.
Gibe III Hydroelectric Project
ETHIOPIA - 2006 - ONGOING
Part of a large programme for Ethiopia's
energy development together with Gibe I and
Gibe II, Gibe III envisages the construction of
the RCC dam that is currently the highest in
the world, standing 246 m. The project is
located on the Omo River.
Xiaolangdi Multipurpose Project
CHINA - 1994 - COMPLETED
Built on the Yellow River in the Henan
province, Xiaolangdi is one of the largest rock
embankment dams with a clay core in the
world, with a volume of 50,600,000 m3 and a
length of 1,667. The dam allows the
production of 1,800 MW of energy and water
for civil and industrial use.
Homs Port
LIBYA - 1980 - COMPLETED
Located a few kilometres from the town of
Homs, about 120 km east of Tripoli, the port
features a 3 km long main breakwater, a
2-km-long secondary breakwater and
various marine and civil works.
Tarbela Hydroelectric Plant
PAKISTAN - 1968 - COMPLETED
Financed by the World Bank, the Tarbela
hydroelectric plant is an extraordinary work in
terms of size (the main dam’s crest length
measures 2,740 m with a maximum height of
148 m) and project complexity (equal to five
"standard" worksites in the period). The power
house consists of 4 turbines of 175 MW for a
total of 700 MW.
20
Expansion of the Panama Canal
Third Set of Locks
PANAMA - 2009 - COMPLETED
The Third Set of Locks Project represents one of
the biggest works built in decades: 50,000,000
m3 of excavations, 5,000,000 m3 of concrete
and 30,000 direct and indirect workers involved.
It will allow Post-Panamax ships to cross the
isthmus, with a cargo capacity three times
greater than the current ones.
Lake Mead Intake Hydraulic Tunnel
U.S. - 2008 - COMPLETED
The project represents one of the greatest
challenge in underground works: to quench
the thirst of Las Vegas with a maximum
possible water head over the tunnel of
approximately 170 m. The dual-mode
mix-shield TBM used for the excavation is a
unique prototype designed to bear a
maximum pressure of 18 bar.
Karahnjukar Hydroelectric Plant
ICELAND - 2003 - COMPLETED
Located less than 200 km from the Arctic
Circle, the Karahnjukar concrete-faced rockfill
dam, with its 193 m in height, is the tallest
dam in the Nordic region and the first of its
kind in Europe. The headrace tunnel system,
with a total length of around 50 km, was
driven with three open type rock TBM’s.
Yacyretá Hydroelectric Project
ARGENTINA AND PARAGUAY - 1983 - COMPLETED
When built, it was the longest dam in the
world. Its overall extension was 70 km. It was
built on the Paranà River, the second largest
river of Latin America and one of the greatest
in the world, with up to 12,000 workers
involved. The powerhouse consists of 20 units
of 160 MW for a total of 3,200 MW.
Legadadi Dam
ETHIOPIA - 1967 - COMPLETED
With a reservoir capacity of 40,000,000 m3,
the Legadadi plant provides 70% of clean
water to Addis Ababa. It was built using
innovative technical solutions that allowed the
construction of a gravity-type concrete dam
and a secondary rock-fill dam.
Kariba Hydroelectric Plant
ZAMBIA/ZIMBABWE - 1956 - COMPLETED
It is the first dam built on the Zambesi River
and the first one financed by the World Bank
in Africa with the largest international loan at
the time. It is double-arch concrete dam
measuring 128 m in height and 620 m in
length and its reservoir contains m3 185 billion
of water. It has a 100,000 KW underground
power station.
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Our business areas

Railways & Metros

Challenging Railways and Metro Systems

With decades of projects in major cities throughout the world, Salini

Impregilo has unrivalled experience in the most complex and biggest
metro systems in the world. This includes the delivery of "turnkey"
systems, which involve supplying the electromechanical, signalling and
telecommunication systems in addition to the civil works.
The Group uses the latest technology in tunnel-boring machines to
overcome geological difficulties encountered during excavations.

Strong track record

The Group has a solid reputation among contractors and public autho-
rities for its technical and organisational skills, regulatory compliance and
ability to deliver projects on schedule, overcoming unpredictable events to
comply with the client’s needs.
Salini Impregilo also has a strong track record in executing “turnkey” railway
contracts, in many cases expanding existing systems to accommodate
increasing demand for urban and extra urban mobility. It coordinates the civil
and electromechanical works and ensures compatibility with the technical
and performance requirements of trains and lines.

Turin-Milan
High-Speed Capacity
Railway System
ITALY
2002 - COMPLETED

22
Turin Milan

125 km
22 km 95.3 km
viaducts and bridges embankments

37 km tunnels

Genoa
53 km

Bologna

72 km
tunnels

79
km

Florence

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 Our business areas

Railways & Metros

Doha
Metro System
“Red Line
North
Underground”
QATAR
2013 - ONGOING

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Main Projects
Sydney Metro Northwest
AUSTRALIA - 2014 - ONGOING
The project involves the construction of a
metropolitan train line northwest of
Sydney. It is the first fully automated train
system on the continent and the largest
public transport infrastructure project
underway in Australia.
Riyadh Metro, Line 3
SAUDI ARABIA - 2013 - ONGOING
The line runs for 41.58 km both above and
below ground. A total of 22 stations are
envisaged along the track. The project is
unique from an engineering and architectural
perspective.
San Francisco Subway
U.S. - 2012 - COMPLETED
The project involves the underground
extension of the metro line’s network. With a
total length of 5 km, it passes under the center
of the city as part of a wider programme to
upgrade public transport.
Rome Metro B1 Line
ITALY - 2005 - COMPLETED
The construction of the line reinforces the
capital city’s transportation system,
extending the network to the city’s northea-
stwhere about half a million people live.
Porto Light Subway
PORTUGAL - 1996 - COMPLETED
The light metro is part of the transportation
system of Porto and neighboring towns. It
serves about 2.5 million residents with four
lines, two of which within city limits and two in
the outskirts for a total length of 73 km. It
includes 56 ground-level and 11 underground
stations.
New York Subway
U.S. - 1976 - COMPLETED
New York's subway is one of the oldest and
most extensive public transport networks in the
world. The main challenge of connecting
Broadway and the 6th Street lines to Roosevelt
Island and Queens, was to keep traffic flowing
on 63rd Street. It used for the first time a
tunnel-boring machine in New York City.
26
Milan Metro System - Line 4
ITALY - 2013 - ONGOING
The new line is entirely underground, 15
km long, with 21 stations, 30 associated
structures and a depot/workshop. It will
provide a fast connection along the
east/south-west route passing through the
historical centre of the city.
Doha Metro System
“Red Line North Underground”
QATAR - 2013 - ONGOING
The line is part of the first nucleus of the Doha
underground network. The construction is a
challenge from a technical and logistical
standpoint with the excavation of two parallel
tunnels accompanied by a lining of fibre-rein-
forced precast concrete segments.
Copenhagen Cityringen Metro
DENMARK - 2011 - ONGOING
Cityringen is the new metro ring within
Copenhagen, with two 17.4 km long tunnels
and 17 new stations. The trains will be
driverless, functioning at all hours, with
minimum 100-second intervals between each
arrival, allowing 130 million passengers to
commute each year.
Sankt Gotthard Railway Project
SWITZERLAND - 2001 - COMPLETED
The Sankt Gotthard tunnel is part of the
AlpTransit project to modernise the main
railway axes through the Alps under the scope
of the Trans-European Railway, linking Genoa
on the Mediterranean Sea to Rotterdam and
Antwerp on the North Sea.
Paris Subway
FRANCE - 1992 - COMPLETED
The expansion of the underground is part of
the development programme of the public
transport infrastructure in Paris. Works
involved the construction of two lines, Eole
and Meteor, the latter being the first automa-
ted line of the city with driverless trains.
Trans-Iranian Railway
IRAN - 1933 - COMPLETED
Defined as one of the most important works of
the 20th century, it played a significant role in
uniting Iran. It is the country's longest and
most important railway line, measuring 1,392
km and with 190 tunnels, passing through
mountains up to 2,200 m above sea level.
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Our business areas

Roads
Motorways and Roads

The Group’s work ranges from roads in Africa’s rural interior to

motorways in industrialised Europe and megacities areas, contributing
to finding the proper solution to the chronic congestion faced by big cities.
It often faces the challenge to build new roads in high density population
areas, safeguarding the normal services during the construction period,
thanks to the ability to apply the more innovative construction techniques.

Bridges and Viaducts

It builds all types of bridges and viaducts, using every technology at its
disposal: from girder decks and pre-cast or cast-in-place concrete
caissons to more complex structures such as cable-stayed and suspended
bridges. The tunnels it excavates include everything that make them safe,
such as lighting, ventilation and fire-prevention systems.
The Group’s capabilities have been enhanced by the 2016 merger with
Lane Industries, a leading U.S. builder of highways, bridges, mass transit
roads and airport systems.

Ras Al Khor
Interchange
Dubai
UAE
2006- COMPLETED

28
 paving concrete vehicles
per hour

250,000 m 3
95,000 m 3
16,000
the volume of the volume of
100 olympic pools 40 olympic pools

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 Our business areas

Roads

Anchieta
Imigrantes
Motorway
System
BRAZIL
1999 - COMPLETED

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Main Projects
New Gerald Desmond Bridge
U.S. - 2012 - ONGOING
Considered a symbol of Long Beach, the
bridge represents the main access point to the
port of the city, one of the most important hubs
in the United States. The new cable-stayed
bridge, taller than the old one, will facilitate the
increasing road and maritime traffic, allowing
for the transit of new container ships.
Salerno - Reggio Calabria Motorway
ITALY - 2004 - ONGOING
The project consists of the modernization of two
sections of the highway for an overall length of
around 50 km, including two viaducts: the
adaptation of the Sfalassà Viaduct and the
construction of the Favazzina cable stayed
bridge. The project is essential for the full
integration of the south of Italy with the European
highway network.
Anchieta-Imigrantes Motorway System
BRAZIL - 1999 - COMPLETED
The Anchieta-Imigrantes System is the main
motorway connection network between São
Paulo and Santos, the country's largest port.
The most important route is the Rodovia dos
Imigrantes, which features long tunnels and
three-lane viaducts built above the tropical
rainforest.
Buenos Aires
“North Access” Motorway
ARGENTINA - 1994 - COMPLETED
The motorway, about 120 km long, is
an essential infrastructure for
Argentina, facilitating the development
of the region and access to the capital
from the north.
Khartoum-Port Sudan Road
SUDAN - 1991 - COMPLETED
The "Port Sudan Road Project" consists of
the rehabilitation of 550 km of the 760 km
long road between Khartoum and Port
Sudan, in the Gedaref Port-Sudan section.
Second Bridge over the Bosphorus
and Kinali-Sakarya Motorway
TURKEY - 1985 - COMPLETED
The bridge has a single 1,090 m span, the
substructures required excavation of
600,000 m³ of rock and 140,000 m³ of
concrete. It is one of the largest projects
ever executed under a single contract in
Turkey.
32
Pedemontana lombarda
ITALY - 2010 - COMPLETED
The project involves the construction of the
first section of the Como and Varese Ring
Roads and the road connection between the
A8 and A9 motorways, totalling about 47 km
of motorway roads, 13 km of tunnels and
about 1.7 km of bridges and viaducts.
East West Highway
CHILE - 2001 - COMPLETED
The project is the first urban motorway
concession contract in the city of Santiago.
Thanks to its service and “free-flow” technolo-
gy, the highway is considered as one of the
most modern urban motorways in the world.
Rosario-Victoria Motorway Bridge
ARGENTINA - 1998 - COMPLETED
The 608 m long cable-stayed bridge over the
Paranà River has made a strong contribution
to the reconstruction and development of the
two regions involved (Santa Fe and Entre
Rios), revolutionizing the relationship between
two areas that had until then been separated
by the second longest river in South America.
Rabat - Larache Motorway
MOROCCO - 1992 - COMPLETED
The 147 km long segment is part of a main
road linking Agadir in the south of the country
to Tangiers on the Atlantic Coast. The work
included more than 3,000,000 m3 of excava-
tion, 6,500,000 m3 of embankment and the
construction of a bridge more than 200 m long
on the Sébou River, near Kenitra.
Central Expressway
SINGAPORE - 1988 - COMPLETED
The route runs from Bukit Timah Road in the
northeast of Singapore to Chin Swee Road in
the southwest, creating a high-capacity
motorway passing through the centres of the
city. The CTE II section is 3,700 m long and
includes several tunnels and service buildings.
Autostrada del Sole
ITALY - 1956 - COMPLETED
Defined as the "backbone of the country", this
750 km long motorway is one of the key
infrastructures for the country's development,
contributing greatly to the Italian economic
boom in the 1960s. With this motorway the
Milano to Napoli trip by car takes less than
eight hours, down from a previous 48 hours.
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Our business areas

Buildings
Civil and Industrial Buildings

Salini Impregilo is known internationally as one of the leading compa-

nies in the execution of highly innovative and architecturally significant
projects as well as a key player in the civil and industrial buildings sector.
It boasts in-depth knowledge of all areas of specialisation in this
sector, including hotels, hospitals and residential buildings, religious and
cultural big centres, often design by archistars. Some examples include the
Auditorium Parco della Musica in Rome and the Stavros Niarchos Founda-
tion Cultural Center in Athens, the last one being an example of pioneering
design and engineering excellence as well as environmental sustainability.

Airports

In the case of airports, Salini Impregilo has either built new ones or renova-
ted and expanded existing infrastructures.
The work often includes landing strips and taxiways, terminals, office
buildings, technological structures, control towers and large-scale hangars,
from international hubs like the Leonardo da Vinci International Airport in
Rome, Italy, to smaller infrastructures located in very remote and challenging
regions, like the Ushuaia Airport, Argentina.

Stavros Niarchos
Foundation
Cultural Center
Athens
GREECE
2012 - COMPLETED

34
 total park The National Library
surface area surface area of Greece is capable
of housing

56,000 m 2
170,000 m 2
750,000 volumes
the area of the area of a if stacked high as
15 Colosseum mid-sized city the Mont Blanc
of Rome

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Buildings

Auditorium
in Rome
ITALY
2000 - COMPLETED

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Main Projects
Cultural Centre and Millenium Tower
NIGERIA - 2007 - ONGOING
Located in the middle of Abuja between the
Church and the Mosque, the multifunctional
complex houses the Museum of African Art
and a 2,000-seat auditorium.
Auditorium in Rome
ITALY - 2000 - COMPLETED
Designed by Renzo Piano, the new
Auditorium comprises three music halls,
with seating capacities of 2,700, 1,200 and
700, respectively.
Riyadh Kingdom Centre
SAUDI ARABIA - 1998 - COMPLETED
Completed in 2002, the building won the
prestigious Emporis Skyscraper Award as
"best skyscraper in the world for design”. The
main tower is 300 m high and it is one of the
tallest construction of its type in the Middle
East.
Al Hasa Hospital Centers
SAUDI ARABIA - 1995 - COMPLETED
The project involved the creation of two new
hospital centres - Al Hasa and Dammam -
associated with the enlargement and the
modernization of the pre-existing center of
Jeddah, for a total of 467 new beds
altogether. The hospital centers are among the
most modern Saudi health and treatment
structures.
Building for the European
Community's Board of Ministers
BELGIUM - 1990 - COMPLETED
The 12-storey building, equipped with a
55,000 m2 conference hall, responded to the
need for more suitable headquarters for the
Council of Ministers.
Ministry of Posts
and Telecommunications
ITALY - 1969 - COMPLETED
The complex occupies a whole block of the
EUR neighbourhood in Rome. The
construction site was one of the biggest in
Italy and in Europe at the time. There are 10
buildings, the main one a 21-storey tower.
38
Palazzo Lombardia
ITALY - 2006 - COMPLETED
The new headquarters of the Lombardia
Region consists of a group of curvilinear
nine-story buildings around a 161 m high
tower.
Fermi Laboratory
U.S. - 2000 - COMPLETED
The work comprises a 1,200-m- long tunnel
created for the “Neutrino at Main Injector”
programme to accelerate neutrinos. Fermilab
is the most important physics research centre
in the United States.
Abu Dhabi Great Mosque
UNITED ARAB EMIRATES - 1996 - COMPLETED
With an overall area of 84,000 m2, the Abu
Dhabi Great Mosque is the largest one in the
United Arab Emirates and the eighth largest in
the world, with a worship area more than twice
that of St. Peter's Basilica in Rome.
European Parliament
FRANCE - 1995 - COMPLETED
The headquarters of the European Parliament
in Strasbourg is made up of two main
structures: a cylindrical 21-storey tower, and a
hemicycle capable of hosting up to 750
people.
Ushuaia International Airport
ARGENTINA - 1988 - COMPLETED
One of the world’s southernmost international
airports, it includes buildings that service the
airport and roads to the city.
Abu Simbel Rescue
EGYPT - 1964 - COMPLETED
The project saved Abu Simbel, a unique World
Heritage monument, following an appeal by
Unesco. In the course of five years, the Great
Temple of Ramses II, threatened by the Aswan
Dam, was dismantled into 1,030 blocks and
re-assembled 65 m higher, keeping the original
orientation to the planets and Sun used by the
ancient Egyptians.
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39
Sustainability
The principles of sustainable development form the We are a signatory of the UN Global
cornerstone of our actions. Through the work of our Compact (UNGC), the world’s largest
35,000 employees around the world, we aim to voluntary corporate sustainability
improve people’s lives with projects that act as a initiative, and have thereby committed to
catalyst for growth in communities while respecting align our operations and strategies with the UNGC’s 10
their heritage and natural resources, human dignity and principles relating to human rights, labour, the
freedom. environment, and anti-corruption.

Our Shared Value approach

Working in numerous and diversified environments,
interpreting and meeting the expectations of local
institutions, clients and communities, taking account of
the different cultural histories and backgrounds of our
technical and operational counterparts around the
world has fostered a robust business culture focused on
human value.
This has led us to develop a Shared Value approach
that fully integrates our corporate strategy, contributing
to our commercial success and creating:
- Economic Value:
Successfully completing infrastructure projects that
meet and exceed our clients’ expectations and
ensuring a return for investors;
- Social and Environmental Value:
Contributing to the sustainable development of
countries where we work by improving infrastructure to
address environmental challenges and supports local
communities and economies.

Identifying legitimate
stakeholders

Salini Impregilo’s AS
K VALUE APPRO
RED rojects tha
S
Sustainability EC A AC
SH structure p t crea H
ES
CH

Model te s
S

a ha
nfr red
gi va
din
il

lue
Bu

Defining key
priority areas
ECONOMIC SOCIAL &
VALUE ENVIRONMENTAL VALUE
For Clients and investors For people and the planet

ADDRESSING
Monitoring results
and setting targets
Countrie’s Sustainable
infrastructure development
needs goals

O
AN
D

PL

Implementing effective
management systems

40
Our priorities
To implement our Shared Value approach, we focus on
three key areas:
- High performance standards for our investors and
clients (on ethics and quality); for our workforce and
partners (on health and safety and people develop-
ment); for local communities; and for the environment;
- Local development in the countries where we
operate, by supporting socio-economic growth through
job creation, vocational training, local sourcing on our
supply chain, and community support;
- Accountability to our key stakeholders to ensure
mutual confidence, fairness and transparency.
To implement our priorities effectively through the orga-
nisation, we have developed an integrated framework of
policies and management and control systems that
respect major international standards and guidelines.

Our contribution to a sustainable future

As highlighted by the Sustainable Development Goals
of the United Nations, infrastructure is to play a key role
in achieving sustainable development. We aim to help
fulfil this role by developing high-quality, reliable and
durable infrastructure.
Our projects enhance accessibility and raise countries’
economic potential through energy and transport
infrastructure. We also improve public utility services
with hydraulic works, as well as civil and industrial
buildings.

93% 3% 70%
Aggregates Ready-mix From rivers
and sand concrete

INPUTS
79,429,370 t 31,169,387 m3
-13% Main resources 8,918,723 GJ Water withdrawals
used Energy use
Energy intensity rate

1% 2% 91% 9% 30%
Cement Other Diesel Other sources From other sources

CONSTRUCTION
6,069,993 m3 1,807,045 t 15,936,770 m3
+19%
Excavation materials
Concrete Asphalt Earth-moving

recycled and reused

76%
Scope 1

CO2

690,208 t 6,054,080 t
OUTPUTS GHG emissions Waste

-14%
GHG emissions 5% 19% 94% 6%
intensity rate Scope 2 Scope 3 Non-hazardous Hazardous

41
A Quality-Focused
Group
Our pursuit of excellence and continuous improvement represents for
us the main incentive of growth and competitiveness, maintaining a
keen and continuous focus on quality, environment, health and safety.

Inspired by the principles of sustainable development, Salini Impregilo

has developed a set of QHSE Policies to drive the organization
towards achieving our vision.
To accomplish its mission, Salini Impregilo has developed a QHSE
Management System for the entire scope of the Group’s activities,
from the design stage and management of works to the implementa-
tion and subsequent running of construction activities.
Our certified Management System consists of ISO 9001, BS OHSAS
18001 and ISO 14001.

Quality
UNI EN ISO 9001 standard

(Certification of Quality Management Systems)

Safety
BS OHSAS 18001 standard

(Certification of Occupational Health and Safety Management Systems)

Environment
UNI EN ISO 14001 standard

(Certification of Environmental Management System)

Policies and related QHSE Management Systems are designed

to enhance our human and professional resources in using
technological and organizational innovation and developing
construction solutions.
Policies and systems express our commitment in meeting client
expectations and operating in accordance with environmental, ethical
and professional principles in compliance with the highest internatio-
nal criteria for corporate governance. We focus on the centrality of
human life and the protection of the individual, reducing the environ-
mental impact.

42
43
Our People
We believe in Our People
In an ever more complex and competitive world, human capital is a key
factor in maintaining our leadership: it is the key element of Salini
Impregilo’s success.
In every corner of the world, behind every major infrastructure project, there
lies the hard work and creativity of the Group’s 35,000 people from more
than 100 nationalities. Highly skilled professional men and women, together
sharing a common objective: to build infrastructures that improve the quality
of life of people living in the communities.
We believe in challenging ourselves and improving our skills and
competencies: we believe in our people.
It is through them that we can build value.

New Generation of Builders

We believe that our continual growth is
possible by sharing our legacy with new
generations.
This vision is expressed through a
strategic alliance to create a new
managerial class, nurtured by internal
resources as well as new talents drawn
from the world's best universities, to
manage the company in the future.
The vision took shape in 2014 with the
"Courage at Work" campaign, then, in 2015, with the "Tomorrow's
Builders" programme and, a year later, with the Master’s in International
Construction Management launched with the Politecnico di Milano.

Together with employer branding plans aimed at attracting young people in

co-operation with the best universities worldwide, “Tomorrow’s Builders”
represents a milestone in the company’s recruitment plan. Selected from a
recruitment campaign in 2015, 100 young engineers joined the Group and
were assigned to projects in Italy and abroad to learn to work in the
infrastructure sector.

44
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Corporate Executives
Chairman and CEO
ALBERTO
GIOVANNINI
CHAIRMAN
Alberto Giovannini holds a Ph.D. in Economics from the
Massachusetts Institute of Technology.
He started his career as an academic: professor of finance
and economics at Columbia Business School in New York
and fellow of the National Bureau of Economic Research
and of the Centre for Economic Policy Research. Subse-
quently he held a number of positions in the private sector
and the public sector, such as the Italian Treasury and the
European Commission, dealing with a wide range of issues
ranging from sovereign debt management to financial
markets infrastructure.
He has been a member of a number of boards, including
the Italian electric utility ENEL, and the premier government
bond trading platform MTS.
Since 2012 he has been an Independent Director of the
Board of Salini Impregilo S.p.A. He was appointed chair-
man of the board in July 2015.
46
PIETRO
SALINI
CEO
Pietro Salini has served as Chief Executive Officer of Impre-
gilo, now Salini Impregilo, since July 2012.
He earned his degree in Economics and Business Admini-
stration from La Sapienza University of Rome and began
his professional career in 1987 working for the family
company, Salini Costruttori SpA, eventually becoming its
Chief Executive Officer in 1994, a position he still holds.
Pietro Salini also currently serves as the Chairman of the
Board of Directors of Co.Ge.Ma. S.p.A., Sole Director of
Pietro Salini & C. S.r.l. and, as such, Deputy Chairman and
Member of the Board of General Partners of Salini Simon-
pietro e C. S.a.p.A.
He is also a Member of the Board of Confindustria and
Executive Committee Member of Assonime.
Senior Management Team

CLAUDIO
MASSIMO MICHELE
LAUTIZI
FERRARI LONGO

Massimo Ferrari serves as General Manager
Corporate & Finance, Group CFO of Salini
Impregilo (formely Impregilo).
He has a degree in Economics and Business
Administration from the LUISS Guido Carli
University of Rome and served as Chief
Executive Officer, General Manager and
Investment Manager of Capitalia Asset
Management SGR, General Manager and
member of various internal committees of
Fineco Group, and Senior Vice President and
Secretary to the Internal Control and Risk
Committee of UniCredit Group.
Mr. Ferrari has also served as Central
Codirector and Manager of the Issuers
Division of the CONSOB; member of the
Board of Directors of Borsa Italiana S.p.A
He joined Salini Costruttori in October 2011
and in July 2012, he was elected to the
Board of Directors and appointed to the
Executive Committee of Impregilo, a post
that he relinquished in August 2013 upon his
appointment as General Manager Group
Finance & Corporate.
Claudio Lautizi has served as General Michele Longo has served as Group General
Manager of International Operations of Manager Domestic Operations since August
Impregilo (now Salini  Impregilo) since August 2013.
2013. Before that, from July 2012 until August He has a degree in Engineering, Transporta-
2013, he served as member of  the board of tion Section, from the University of Florence
directors and of the Executive Committee of and started his  professional career in 1991
Impregilo. He has a degree in Civil Engineering as Project Design Manager at Rocksoil
from La Sapienza University of Rome and S.p.A. Italia.
started his professional career in 1988 at Salini  Later, he served as Technical Office Manager
Costruttori where he served in various and Construction Site Manager of Consorzio
positions, including Construction Site Manager Alta Velocita Emilia-Toscana. 
and Branch  Manager in Ethiopia, Somalia, At Consorzio Alta Velocita Torino-Milano, he
Zimbabwe, Sierra Leone and Jordan (from served as Segment Manager (from 2003 to
1988 to 1994); Middle East Sub-Sahara Africa 2007), rising to General Manager, Operations
Area Manager (from 1994 to 1999); Internatio- Manager for Italy and, ultimately, Chief
nal Production Manager (from 1999 to 2001); Executive Officer, a post he still holds today.
and General Manager International Operations He also served as Project Manager, Opera-
(from 2001 to 2011). Since 2001 and 2010 he  tions Manager and Chief Executive Officer of
has served as General Manager of Internatio- Pedelombarda S.c.p.A.  He also holds
nal Operations of Salini Costruttori and Todini,  Directorships in several Group subsidiaries.
respectively. From 2012 until 2013 he also
served as General Manager of International
Operations of  Salini.  He also holds Director-
ships in several Group subsidiaries.

ALESSANDRO GIAN LUCA JOSEPH ROBERT

DE ROSA GRONDONA ATTIAS E. ALGER

Mr De Rosa has served as Deputy
General Manager, Administration,
Finance and Planning of Impregilo
(now Salini Impregilo) since
August 2013. The holder of a
degree in Economics and Business
Administration from the University of
Naples, he is licensed to practise as
a certified public accountant and
has been listed in the Register of
Independent Auditors since 1984.
After beginning his career as an
independent auditor and financial
analyst, he has held various
positions including Senior Consul-
tant and Financial Analyst at Fidimi
Consulting S.p.A., I.M.I Group;
executive at Sigma-Tau Finanziaria;
Administration, Finance, Control
and Personnel Manager at
Avantgarde S.p.A.; Administration
and Control Manager at Sigma-Tau
Industrie; Finance Manager at
Thomson-CSF Electronic Systems
Italia S.p.A.; CFO of Marconi
Communications Italia S.p.A.; CFO
of AMS S.p.A. Italia and CFO of
Telespazio S.p.A.
Gian Luca Grondona, is 45 years
old and was born in Genoa. He is
Group HR & Organization
Director of Salini-Impregilo. He
graduated in Political Science at
the University of Genoa. His
professional career began at Fiat
Auto, where he accomplished an
interfunctional professional path
within the Human Resources and
Organization Department, holding
roles with increasing responsibility,
finally becoming Human Resour-
ces Director for the Engine and
Transmission Department (Direzio-
ne Motopropulsori e Cambi). In
2001, he joins Indesit Company,
following an international develop-
ment path that made him work for
a very long time in Great Britain,
Poland and Russia. In Indesit
Company, the household electri-
cal appliance multinational, he
covered various strategic roles,
finally becoming Human Resour-
ces Director of the technical and
industrial area and subsequently
of the entire Commercial, Marke-
ting and Services area, later being
appointed Chief HR Officer of the
Group.
He is Group Director, Concessions,
Development and Engineering in
Salini Impregilo since April 2016. He
holds an Engineering Degree from
“Travaux Publics, Option Etudes &
Recherches”, “Centre des Hautes
Etudes de la Construction”.
From 2011 to April 2016 he was
Director of Engineering at the Vinci
Construction Holding, and a
member of its Comité de Direction.
From 1986 to 2011, besides being
the founder, he was also Chairman
of Structures Ile de France à la
Defense, a French civil engineering
firm specialising in structural design,
with branches in Africa and in South
East Asia. From 1980 to 1986 he
was Managing Director of BEBA
(Bureau d’Etudes Béton Armé, with
locations in Paris, Nice and Marseil-
les) while since 1983, he was the
founder and manager, until 1986, of
EGEC, a company that studies Civil
Engineering works. He taught
Mathematics and Physics from
1979 to 1981, and Mathematical
Methods until 1986 at the Institut
Supérieur du Béton Armé and at the
Ecole Centrale in Marseilles.
Robert Alger has served as
President and Chief Executive
Officer of The Lane Construction
Company since July 2001.
Before that, from January 1999 to
June 2001, he served as Executi-
ve Vice President at Lane.
He has a degree in Civil Enginee-
ring from The Pennsylvania State
University at University Park, PA,
and attended State University of
New York in Alfred, NY.
Alger started his professional career
in 1979 at Lane where he served in
various positions, including Project
Engineer in Texas and Pennsylvania
(from 1979-1987); Project Manager
/Superintendent (from 1987-1990);
Project Manager/Assistant District
Manager (from 1990-1993); Assistant
District Manager/District Manager
(from 1993-1996); District Manager
(1996); and Vice President (from
1997-1999).

47
Over a Century of History
The value of a Group lies also in its history and origins

Mignano Dam Viaduct of Recco Akosombo James Bay Project Nathpa Jhakri
ITALY ITALY Hydroelectric Plant La Grande River Dam Hydroelectric
GHANA and Plant – CANADA Project – INDIA
1926 1946
1961 1982 2002

Girola and Lodigiani Cogefar Costruzioni 100% of the American

create their respective Pietro Salini starts up Generali Farsura S.p.A company S.A. Healy
companies his own activity is established is bought

1906 1936 1959 1982

1910 1930 1950 1970 1990

1906
1920 1940 1960 1980

1929 1956 1960

“Impresit” - Impresit, Girola, Lodigiani Impregilo S.p.A.
Imprese italiane and Torno work together (Impresit - Girola -
all’estero - is born to build Kariba Dam Lodigiani) is created

1911 1936 1957 1970 1991

Simplon Railway Line Morasco Dam Val Di Lei Dam Chivor Hydroelectric Katse Dam
ITALY ITALY SWITZERLAND Plant – COLOMBIA LESOTHO

48
 Churchill Hospital
Oxford Ras al Khor
UNITED KINGDOM Interchange
UNITED ARAB EMIRATES
2008
Portland West Side Beles Multipurpose
2012 Abu Dhabi Deep
Sewer Tunnel
CSO Tunnel Project Project UNITED ARAB EMIRATES
U.S. ETHIOPIA
2014
2006 2010

Gruppo Salini Impregilo

Gogefar Impresit S.p.A is born is born from the merger
from the merger between Cogefar Salini Costruttori
purchases Todini S.p.A. between the two companies
S.p.A. and Impresit S.p.A.

1989 2009 2014

2001 2003 2005 2007 2009 2011 2013 2015

2016
2000 2002 2004 2006 2008 2010 2012 2014

1994 2016
Impregilo S.p.A. is born from the merger Salini Impregilo
among Cogerfar Impresit, Girola, gets 100% of Lane
Lodigiani and Impresit Girola Lodigiani Industries

2007 2011
Tocoma
2015
Hydroelectric Plant Mazar hydroelectric
plant Sogamoso Hydroelectric
VENEZUELA Project – COLOMBIA
2009 ECUADOR
2013
Bumbuna Bujagali
Hydroelectric Project Hydropower Plant
SIERRA LEONE UGANDA

49
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51
 Salini Impregilo
Corporate Identity
and Communication Department

Via dei Missaglia, 97 - 20142 Milano

T +39 02 44422111
F +39 02 44422293

Via della Dataria, 22 - 00187 Roma

T +39 06 67761
F +39 06 677626288

info@salini-impregilo.com
www.salini-impregilo.com

MAY 2016

Graphic and Augmented Reality

by ViewToo s.r.l.

Copyright Photo:
Moreno Maggi (pag. 5, 15, 35, 36, 37, 52, 53)
Edoardo Montaina (pag. 7, 9, 14, 21, 23, 43)
AeroPhoto (pag. 13)

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we build value