Webuild, the Italian construction firm employing over 85,000 people across five continents, has rejected allegations by Il Fatto Quotidiano that it sought €22bn in extra costs for Italian railway projects. The company stated the figure reflects accrued contractual obligations, including certified works and cost recoveries, not new requests. Webuild filed a complaint with Consob accusing the newspaper of market manipulation after its share price dropped following the article.
The firm confirmed the authenticity of a July letter from CEO Pietro Salini to the government, which detailed overdue payments, recorded reserves, and recovery of advances, framing the situation as a severe economic and financial imbalance requiring decisions by early August 2026. Webuild emphasized it has not requested extra funds but is pursuing legally recognized entitlements under public contracts, with much of the amount already submitted to independent Technical Advisory Boards for review.
Source: Financial Times Companies · Summarized by HeadlinesBriefing