A PYMNTS Company

Italy: Ferrovie dello Stato plans to bid for US$20B US contract

By  |  September 8, 2019

Ferrovie dello Stato (FS), an Italian Rahway group plans to bid for a contract in the United States with an overall value of US$20 billion, Chief Executive Gianfranco Battisti said on Saturday, September 7. 

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to Reuters, the bid is part of FS’s efforts to branch out of its traditional market, a strategy which has also seen the Italian railways group leading the attempted rescue of failing flagship carrier Alitalia.

    “Exploring international markets is an important part of our industrial plan,” Battisti said on the sidelines of the Ambrosetti business forum in Cernobbio. 

    “In the world there are a lot of opportunities to develop motorway and railway infrastructures and we have the skills to do that,” he added. 

    He said the US contract involved maintenance operations in the cities of Los Angeles and Washington.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.