Purchases on Webuild, new US order boost to order book
For Akros, the contract is worth about 2 per cent of the group's order book and is of significant importance for North America, accounting for about 30 per cent of the regional backlog at the end of 2025
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(Il Sole 24 Ore Radiocor)- Purchases on Webuild at Piazza Affari. The company led by Pietro Salini has announced that Lane (Webuild Group), in a joint venture with Brayman Construction Corporation, will construct the first tunnel of the Allegheny County Sanitary Authority (ALCOSAN) regional system in the US, approximately 8 kilometres of deep hydraulic tunnels, with vertical shafts and associated surface infrastructure. The project, worth$1 billion (EUR 876 million), will be constructed by Lane (50% share) in a joint venture with local partner Brayman.
Analysts at Banca Akros point out that the project is "aimed at reducing mixed sewer overflows in the Allegheny, Monongahela and Ohio rivers during heavy rainfall". According to the experts, 'the contract is worth about 2% of the group's construction backlog, but is of significant importance to North America, representing about 30% of the regional backlog at the end of 2025'. Positive verdicts also came from Intermonte, according to which "the contract (Webuild share) represents 1.7% of the group's backlog at the end and reinforces Webuild's positioning in North America, which contributed 9% of 2025 revenues". On the same wavelength Equita, which calls the contract "a significant award for Lane, which in 2025 posted revenues of 998 million and break-even ebitda for the first time after years of losses. At the end of 2025, Lane had a backlog of around 3 billion. With this project, Lane's order intake in 2026 reaches about 1.4 billion with a 2026 book-to-bill already in the 1.4 times area at the beginning of June, confirming the good momentum for the US business. At group level, the contract represents about 3% of the expected order intake'.
According to Kepler, "from a financial point of view, the award of the contract is equivalent to approximately 4% of the expected order intake by 2026". For its part Mediobanca, which confirms its Neutral rating, points out that "the Ohio River Tunnel represents the first of three tunnels planned as part of the Regional Tunnel System. The award, included in the €3 billion order intake (intake) since the beginning of the year announced in mid-May, confirms the positive trend of order intake in the North American market, which has recorded €0.9 billion in intake since the beginning of the year".
