Ferrovie dello Stato Italiane and Brescia Mobilità presented to Comune di Brescia a proposal for a project finance on the design, build, operation and maintenance of tramway system in Brescia municipality under a PPP scheme.
The proposal follows the cooperation agreement signed in March and focuses on two new tramlines entirely located in Brescia territory.
The total value of the project is EUR 400 million, with sources mainly coming through private funds. The new tramlines should start operation phase in April 2027.
By December 2018, Brescia Municipality should evaluate the proposal in order to formalize to the Ministry of Infrastructure and Transport the request of public contribution within the limit of 49% of total investments potentially followed by a public tender process for the assignment of the project accordingly to the mechanism of public private partnership.
This project aims to represent one of the first national venture regarding the realization through project finance schemes of complex infrastructures for local public transport.
Until project’s submission, FS provided its technical expertise in structuring financial terms of the project and in the design and engineering phases.
FS confirms its commitment to play a primary role in building new infrastructures in metropolitan areas and big cities and, thanks to its financial strength, its willingness to invest funds for co-financing relevant works for the country.
Brescia Mobilità contributed with its strong experience in the management of integrated mobility systems, delivering technical, planning and operational inputs specifically related to the urban context of Brescia.