Astaldi Group was set up in the 1920s when engineer Sante Astaldi established the one-man firm “Ing. Sante Astaldi”, a construction company that worked mainly on large-scale civil works contracts in Italy.
The Muskrat Falls Project is expected to take 4 years, and an estimated 500,000 cubic meters of concrete and 26,000 metric tones of reinforcing steel is expected to be used.
Astaldi has earned three prestigious Ingersoll-Rand Italy awards for Hydroelectric projects located in the Congo, Turkey and Honduras
In 2012 the Astaldi acquired the Canadian company T.E.Q., a specialist in the civil works and project management sector with yearly revenues of about 50 million CAD.