Italian construction group Webuild (WBD.MI) said on Monday there are “no delays” in public works projects the company is carrying out in Italy with funding from the European Union’s post-COVID recovery funds.
Work is progressing speedily on already-opened construction sites, and recently-assigned projects are in the planning phase in line with all relevant deadlines, including a final delivery date set for 2026, the company said in a statement.
Webuild added it started preparatory activities, including geological surveys, before beginning work on the high-speed Salerno-Reggio Calabria rail link project, which was assigned to the group on May 12.
Italy, the biggest beneficiary of the EU’s 724 billion euro ($773.52 billion) post-pandemic recovery fund, is struggling to meet the goals laid down by Brussels to receive the money and is falling behind with implementation of its projects.
($1 = 0.9360 euros)