(Alliance News) - Webuild Spa on Thursday announced that it is in pole position for a new sustainable mobility project in Melbourne: the group, part of the Terra Verde joint venture, has been selected as the highest bidder for the "Tunnels North" lot of the Suburban Rail Loop East.

The final contract award is expected later this year.

Webuild, leads the joint venture that will build the lot in an international consortium of excellence with GS E&C (South Korea) and Bouygues (France).

Commissioned by the Suburban Rail Loop Authority, the project involves the excavation of two parallel tunnels, each about 10 kilometers long, between the future Box Hill and Glen Waverley stations and the construction of 39 secondary connecting tunnels and functional structures for the construction of two future stations, the excavation of two access shafts and an emergency and ventilation shaft.

Four Tunnel Boring Machines are planned to be used to excavate the tunnels.

Webuild rises 0.8 percent to EUR2.16 per share.

By Claudia Cavaliere, Alliance News reporter

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