Italy’s state-owned rail company Ferrovie dello Stato Italiane (FS Italiane) has unveiled a EUR 190 billion rail strategy for the next ten years.
The 2022-2031 Industrial Plan, presented in Rome by the President of FS Italiane, Nicoletta Giadrossi and the company’s CEO Luigi Ferraris, covers a “profound redefinition of governance” and a new organizational structure, rail infrastructure projects, the development of multimodal public transport system, doubling rail freight volumes compared to 2019, as well as the actions and initiatives to make rail and road infrastructures more sustainable, accessible, effectively integrated and resilient.
The plans also involve the increase of the degree of energy autonomy of the Group through renewable sources contributing to the ecological transition.
To fully exploit the potential of all group’s companies and make a decisive contribution to the sustainable development of the country, the governance and the organisational structure will be split into fourbusiness centres with clear strategic objectives – Infrastructure, Passengers, Logistics and Urban.
Rete Ferroviaria Italiana estimates that a EUR 110 billion investment will be needed for unplanned maintenance, upgrades, the deployment of new technology, as well as future works on rail infrastructure including the high-speed, regional and commuter lines, which also will provde connections between the urban areas and ports and airports.
On the other hand, Anas will invest EUR 50 billion for network development and maintenance.
EUR 15 billion will be invested for passenger trains covering 46 high speed trains, 34 intercity and 495 interregional trains. This investment also includes electric and hybrid bus fleet acquisition.
On logistics sector, the group will invest EUR 2.5 billion for new rolling stock, multimodal terminals and logistics facilities.
The new organisation aims to strengthen the synergies of all the companies operating in the group and to increase their efficiency also in terms of planning and design.
The international scenario and the geopolitical tensions that are causing growing inflation, the effects of the pandemic and those of climate change on infrastructures also contributed to outlining the new corporate restructuring, all combined with the awareness of the role that transport, logistics and infrastructures can perform for a sustainable development of the country, FS explains.
The rail strategy underlines the implementation of the projects keeping in mind the importance of innovation, digitalisation, connectivity and enhancement of the Group’s people.
A particular attention to the ecological transition for which the company intends to increase the share of renewable sources to at least 40% of the Group’s needs. This will be made through activities to improve efficiency and reduce consumption, combined with new initiatives to enhance its assets by installing plants for the production of electricity from renewable sources.
At the international level, the FS Group wants to ensure a single control over the activity, aiming to generate additional value in the countries where it is already present – France, Spain, Germany, Greece, Holland and the United Kingdom. Outside Europe, the company intends to export integrated know-how through partnerships.
The FS Group’s revenues in 2031 are expected to grow to around EUR 22.5 billion and EBITDA to EUR 3.9 billion, with an average annual growth (CAGR), over the plan period, of 6.9 respectively% and 8.2%.
“The 2022-2031 Industrial Plan intends to accelerate investments and, with a long-term vision, give greater certainty to the execution of the works on schedule. We are working to make our infrastructures increasingly modern, interconnected and resilient and mobility services tailored to the different needs of our customers. We intend to promote multimodal public transport, that is even in urban areas,” Luigi Ferraris said.