(Alliance News) - Palingeo Spa announced Friday that it has signed a new contract with the company Appalti Lavori e Costruzioni Spa, for the execution of specialized foundation works as part of the project to build the highway link between the A4 and Val Trompia, Ospitaletto - Sarezzo section, Concesio - Sarezzo section, Brescia.

The work, with a total value of approximately EUR4.2 million, includes the provision and maintenance of the necessary equipment, transportation of equipment from the warehouse to the construction site, performance of vertical drilling for the formation of columns of consolidated soil using jet grouting technology, re-drilling for the installation of tubular reinforcement, sub-horizontal drilling for the formation of strand tie-rods, compilation of daily reports and preparation of Quality Control Plans.

The new contract, further strengthens Palingeo's order book, the company note said, bringing it to a value of about EUR96.5 million with a time horizon beyond mid-2026, reaching "a new historical high for the company."

Palingeo closed Friday's session in the green by 4.0 percent at EUR6.20 per share.

By Chiara Bruschi, Alliance News reporter

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