Top Financial Supervisor Emphasizes Italy's Priority: €200 Billion Investments

22 Aug, 2023

Top Financial Supervisor Emphasizes Italy's Priority: €200 Billion Investments

Luigi Ferraris, the head of Ferrovie dello Stato (FS), conveyed to the Financial Times on Monday that the company's paramount focus for the upcoming decade is centered around their ambitious plan to invest a staggering 200 billion euros into Italy's development.

Embedded within FS's comprehensive industrial strategy reaching up to 2033, Ferraris highlighted that a significant portion of this investment, totaling 180 billion euros, is earmarked for the enhancement and modernization of the nation's railway and road infrastructures. This crucial insight was shared with the renowned British business daily.

Reflecting on Italy's substantial post-COVID recovery efforts facilitated by European Union funding, Ferraris underscored that Ferrovie dello Stato holds a substantial responsibility in this initiative. The company has been entrusted with approximately 25 billion euros as part of Italy's National Recovery and Resilience Plan (NRRP), a crucial program aimed at restoring the country's economic and social equilibrium. Notably, within this plan, the principal role of managing contracting activities has been designated to the rail network operator, Rete Ferroviaria Italiana (RFI).

While the NRRP remains a pivotal focus, Ferraris expanded on the broader aspirations of the group. An integral facet of their objectives lies in the substantial enhancement of the "transport capacity of the railway network by at least 20%," signifying an endeavor to significantly bolster the efficiency and scope of the nation's railway systems.