Rete Ferroviaria Italiana and the Cepav due consortium signed a EUR 1.64 billion contract for the construction of the first section of Brescia-Verona HSR. Under the contract, the consortium will build 48 km of new rail line, including 2.2 km of the interconnection to the Verona freight yard, connecting with the Verona – Brennero subsection.
The Cepav consortium comprises Saipem with 59% stake, G Maltauro, Pizzarotti and Società Italiana Condotte d’Acqua. Saipem share within the contract is valuated at EUR 970 million.
The line crosses the regions of Lombardy and Veneto, in particular the provinces of Brescia, Mantua and Verona.
In the framework of the Milan – Verona line, Saipem, through the Cepav due consortium, previously took part in the laying of the 39 km Treviglio – Brescia line and a further 11.7 km of interconnections with conventional lines.
The total value of the Brescia-Verona HSR is EUR 2.16 billion and it is estimated that it will be completed by 2023.
Last year, Italy’s Inter-Ministerial Committee for Economic Strategy approved the high-speed line project between Brescia and Verona.