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Webuild’s CFO Massimo Fe...

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Webuild’s CFO Massimo Ferrari Speaks about High-Speed US Rail Contract to Boost Cash Flow

Webuild’s CFO Massimo Ferrari Speaks about High-Speed US Rail Contract to Boost Cash Flow
The Silicon Review
18 June, 2021

Webuild has recently won a contract to build a high-speed railway between the US cities of Dallas and Houston that could give a significant lift to cash generation as early as 2022. Webuild, in a recent announcement, said that it and its US unit Lane Construction had signed the final agreement for a considerable sum of $16 billion contracts with Texas Central LCC to build the high-speed link.

Chief Financial Officer Massimo Ferrari said that the company expects a boost in terms of marginality. He further added that this project would be a crucial turning point for the Webuild's transformation. This new contract will bring the value of construction orders in Webuild's backlog from the United States to 35 percent, which will be the country as the single biggest market for the group.

Mr. Ferrari also said that the group had projects in the water and transportation sectors in the pipeline in the US; this experience would push them to win more high-speed train contracts in the country. The company will be using innovative technologies and will be completing the project within the next five years.