Italian state railways acquires stake of Milan automated metro concessionaire
On 9 June the Italian state railways, Ferrovie dello Stato Italiane S.p.A., acquired a 36.7% stake (equity and shareholder loan) of M5 S.p.A., concessionaire of the automated Line 5 of the Milan metro. The shares, valued at EUR 64.5 million, were bought from Astaldi, a construction company.
“FS Italiane’s entry among the shareholders in Metro 5 marks another step toward the creation of an integrated infrastructures and services system aiming at improving public transport also in large urban areas”, said Renato Mazzoncini, CEO and General Manager of Ferrovie dello Stato Italiane.
Astaldi will continue to hold a 2% stake in M5. The shares held by other shareholders remain unchanged: Ansaldo STS hold 24.6%, ATM 20%, Alstom 9.4% and Hitachi Rail Italy 7.6%.
Line 5, also known as the Lilla line, links Bignami Parco Nord station to San Siro Stadio station, along a route extending for about 13 kilometers, with 19 stations and a light transport system connected with Milan’s other underground lines. There are planned extension projects to Monza and Settimo Milanese.