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

  • July 20, 2021
    Future-proofing transportation with a one-stop optical network solution
    Huawei is helping transportation customers leverage optical transmission networks to optimise their communications and ensure business survival in the fast-changing worlds of road, rail, aviation, maritime and logistics
    Read More
  • April 2, 2015
    Alstom to implement Kochi metro power supply
    Alstom has been awarded a contract worth US$9.7 million from Delhi Metro Rail Corporation (DMRC) to provide receiving and auxiliary main substations for the Kochi metro. The contract includes high voltage cabling from the state grid for the new 25 kilometre long metro line. Under this new contract, Alstom is responsible for the supply, installation, testing and commissioning of 110kV cabling incoming from the grid, including civil works, intake power substations and their associated power transformers a
    Read More
  • April 20, 2012
    Siemens and Hyundai propose concession company for Moscow metro construction
    Siemens and Hyundai have made a proposal to Moscow’s government to form a concession company for underground construction. The company is not only to build the metro and supply the rolling stock but also get a concession for land plots.
    Read More
  • August 7, 2014
    Peru's ‘chaotic’ traffic problems
    Peru's ‘chaotic’ urban transport system generates losses of US$20 billion a year due to health, transport and economic costs, according to state news agency Andina. Luis Gutiérrez, head of Latin American BRT association (SIBRT), said accidents, pollution-caused breathing problems and sedentary-related illnesses cost US$8 billion a year in Peru, while transport-related problems such as time wasted in traffic and higher gasoline consumption cost another US$8 billion. The remaining US$4 billion is the impact o
    Read More

Highlighted Content