The Italian contractor claims the two firms' potential construction contracts in Australia are estimated at more than $322 billion for the 2022-2025 period. A Webuild spokesperson subsequently added that the acquisition does not apply to Clough projects in other parts of the world—including the Project Traveler petrochemicals plant in Texas, a fixed-price project underway since 2019 with reports of rising costs. Murray & Roberts, which had owned Clough outright since 2014, reportedly faced rising costs and more than $1 billion in creditor claims—many arising from several of the subsidiary's large fixed-price construction contracts such as Project Traveler and the and the 2,000-MW Snowy Mountain 2.0 hydro pumped storage project in Australia Murray & Roberts noted in an October shareholder update the need for added working capital for Clough "to address the dislocation in project cash flows."