(Finance) – Palingeuma company listed on Euronext Growth Milan and active in the geotechnical and geognostics sectors, has signed in Temporary Business Grouping with Colombo Severo a new contract with COIMA SGR for the execution of wartime reclamation, environmental reclamation, temporary structural works and subsequent construction excavations as part of the regeneration process of the area of the former Porta Romana railway yard in Milan.
The order has a total value of approximately 11 million eurosof which 5.3 million euros for works carried out by Palingeo, must have a contractual duration of 12 months and includes containment works on the reclamation excavation fronts consisting of reinforced concrete diaphragms, anchor rods and CFA piles.
Despite the physiological progress of activities on ongoing projects, the order book of Palingeo remains stable at 113 million euros. This result guarantees an operational time horizon that extends until the first months of 2027.
“Being protagonists of such an important project for Milan represents an important confirmation of our technical competence and the trust that our customers place in us – commented theCEO Leonardo Spada – This contract further consolidates our growth strategy and allows us to contribute to the regeneration of an urban area of great strategic value.”