Reway Group subsidiary wins EUR84 million in contracts

Reway Group Spa, an Italian company in the construction and engineering industry, announced on Thursday that its subsidiary Gema has won contracts worth EUR84 million in the rail sector. These contracts were awarded by Rete Ferroviaria Italiana (RFI), a state-owned railway infrastructure operator in Italy, to Reway Group's subsidiary in several partnerships.

The four new framework agreements that Gema won from RFI are for the construction and maintenance of various rail infrastructure projects across Italy. These projects include the construction of new railway lines, the renovation of existing tracks, and the installation of new signaling systems. The contracts are expected to be completed over the next few years, with work on them set to begin in the coming months.

Reway Group Spa is a leading player in the Italian construction industry, with a diverse portfolio of projects across various sectors, including transportation, energy, and infrastructure. The company has been operating in Italy for over 50 years and has a strong presence in the country's construction market.

Gema, Reway Group's subsidiary, is a leading provider of engineering and construction services in the rail sector. The company has a long history of working with RFI and other major railway operators in Italy, and has completed several high-profile projects in recent years.

Overall, Reway Group's win of these contracts represents a significant milestone for the company and its subsidiary Gema, and is expected to contribute significantly to their revenue and growth in the coming years.