14 June 2006, 17:30 pm

The special purpose vehicle, led by Astaldi and including Ansaldo Trasporti Sistemi Ferroviari S.p.A., a subsidiary of Ansaldo STS; Ansaldo Breda; Torno; Alstom Trasporti; and Azienda Trasporti Municipalizzata (ATM), has signed a contract with the Municipality of Milan for the construction of line 5 of the underground, for a total value of EUR 502 million.

The contract’s signing makes it possible to start the activities under project financing – the first time in Italy for urban transport infrastructure – for the concession, which includes the line’s management for 27 years and foresees concession revenues for EUR 724 million. The works for carrying out the project have an expected duration equalling 58 months.