Italy’s rail company to invest 24 bln euros in next 4 years

IMG class=hide alt=”Italy’s rail company to invest 24 bln euros in next 4 years” src=”http://www.mineralfossil.com/wp-content/uploads/2014/02/wpid-2b49f7b251aed72c037938660594fc30.jpg” (ANSA) – Rome, February 19 – Ferrovie dello Stato Italiano announced plans for 24-billion euros in investments over the next four years Wednesday. PThe new 2014-2017 business plan was approved by the board of Italy’s state-owned railway company at a directors’ meeting./PPOf the total investment, some 8.5 billion euros will be self-financed, the Rome-based company said. The company also announced plans to proceed with a stock market listing and share sale. It said that it intends to “consolidate on the positive performance of the past five years that was achieved despite the unfavourable economic outlook”./PPSales are expected to grow by 3.5% a year to 9.5 billion euros by 2017, according to the new estimates contained in the plan./P
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