SIS, a consortium of Sacyr and Fininc, has secured a €388m ($469.1m) contract for the construction of the S.S. 340 Regina – Tremezzina bypass, a 9.5km highway stretch in Como province of northern Italy.

Sacyr holds 49% stake in the consortium, while the rest is held by Fininc.

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The five-year contract was awarded to the consortium by public firm ANAS.

The project will create an alternative route to avoid traffic in the towns of Sala Comacina and Tremezzina.

The 9.5km stretch of road has been divided into three tunnel sections built mainly of rock.

The first section is the Comacina tunnel with a length of 3,489m; the second is the Perlana tunnel with 1,908m; and the third tunnel is the Tremezzina tunnel with 2,568m length.

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The section will be similar to a conventional suburban bypass with one lane running in each direction.

The tunnel sections will feature two parallel tunnels – one, a principle tunnel with a diameter of 11.6m, and the other, a parallel emergency route of 5.6m wide.

Sacyr, which operates in Italy through the SIS consortium, is involved in other projects that are  underway. Among these projects include €155.4m ($188m) refurbishment of the Policlínico, Mangiagalli e Regina Elena Hospital in Milan.

In October 2020, Sacyr signed an agreement with the Angolan group Griner to divest its three subsidiaries – Sacyr Somague Angola, Sacyr Somague Mozambique and CVC Sacyr Somague in Cape Verde – for €33m, excluding debt.

This deal is subject to the approvals by the competition authorities.

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The Tremezzina bypass contract has a completion deadline of five years. (Credit: Sacyr.)