Ferrovie dello Stato Italiane to acquire Astaldi stake in Milan Metro line 5

Italian company Ferrovie dello Stato Italiane has agreed to purchase Astaldi’s investment in M5 SpA, concessionaire of Line 5 of the Milan Metro. Line 5 of the Milan Metro links Bignami Parco Nord station to San Siro Stadio station, along a route extending for about 13 kilometres, with 19 stations and a light transport system connected with Milan’s other underground lines. The transaction calls for the sale of a 36.7 per cent stake held by Astaldi in M5. Astaldi will remain a shareholder with a two pe
December 13, 2016 Read time: 1 min
Italian company Ferrovie dello Stato Italiane has agreed to purchase Astaldi’s investment in M5 SpA, concessionaire of Line 5 of the Milan Metro.

Line 5 of the Milan Metro links Bignami Parco Nord station to San Siro Stadio station, along a route extending for about 13 kilometres, with 19 stations and a light transport system connected with Milan’s other underground lines.

The transaction calls for the sale of a 36.7 per cent stake held by Astaldi in M5. Astaldi will remain a shareholder with a two per cent share in M5, ensuring support in developing the activities under its responsibility.

Related Content

  • Wireless technology aids city-wide traffic management
    October 10, 2012
    An extensive hybrid communications network in the County of Los Angeles is proving the capability and benefits of modern wireless technology for traffic management across wide areas. Wireless communications technology has found a welcoming test bed for use in traffic management systems, in the County of Los Angeles. The county has long running programmes synchronizing and monitoring traffic signals over large areas. In the process, combined with installation of advanced traffic management systems (ATMS), th
    Read More
  • Consortium lands Mexico highway concession
    October 1, 2014
    A consortium led by Mota-Engil has won a tender for the construction and operation of a stretch of Mexico's Tuxpan-Tampico highway. The Tuxpan-Tampico highway links two of Mexico's busiest Gulf coast ports and will be the first project in the country to be developed under the public-private partnership (PPP) law's unsolicited proposal provision. The project involves the construction of a highway south of the city of Tuxpan, from the junction with the Tihuatlán-Tuxpan highway to the connection with the
    Read More
  • PTV boosts its partnership with Hamburg
    December 13, 2024
    Germany’s second-largest city wants to improve public transport and 'livability'
    Read More
  • New IBM study details the future of automotive industry
    January 19, 2015
    IBM has revealed results of its new Automotive 2025 Global Study, outlining an industry ripe for disruptive changes that are breaking down borders of the automotive network. The study forecasts that while the automotive industry will offer a greater personalised driving experience by 2025, fully autonomous vehicles or fully automated driving will not be as commonplace as some think. The report also indicates that consumers not only want to drive cars; they want the opportunity to innovate and co-create t
    Read More

Highlighted Content