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

  • November 10, 2014
    LA metro line to be extended
    The Skanska joint venture with Traylor Brothers, Inc. and J.F. Shea Construction has been awarded a design-build contract by the Los Angeles County Metropolitan Transportation Authority to extend the Los Angeles Metro Purple Line.
    Read More
  • May 2, 2018
    Running on empty
    Drivers are an increasingly rare species on Europe’s commuter metros as unattended train operation is embraced. David Crawford takes a low-speed tour of the continent’s capitals to see what’s happening. Unattended train operation (UTO) is fast becoming the norm for Europe’s metros, on existing as well as new lines. November 2017 statistics published by the International Association of Public Transport (UITP) show the continent as having 28% of the global total of route km on lines operating at the ultimate
    Read More
  • March 23, 2012
    Paris metro world first inaugurated today
    Pierre Mongin, chairman and CEO of RATP has today inaugurated the commissioning of the first automatic trains on Line 1 of the Paris metro in the presence of Nathalie Kosciusko-Morizet, minister for ecology, sustainable development, transportation and housing and Jean-Paul Huchon, president of the regional council of Île-de-France.
    Read More
  • November 20, 2013
    Canada’s infrastructure sector set to be one of the best performing
    In their latest findings on Canada’s infrastructure sector, Business Monitor has revised down their outlook for the overall construction industry in Canada for 2013 to 2.2 per cent. This is being driven by a sharper than expected contraction in industry value creation from the residential and non-residential building segment. Despite this, they anticipate a slight pick-up in the second half of the year will ensure that subsector maintains positive growth. On the other hand, infrastructure will post another
    Read More

Highlighted Content