FS says the announcement gives the green light to update the Programme Contracts between the Ministry of Infrastructure and Transport and FS’ two infrastructure subsidiaries: national infrastructure manager Italian Rail Network (RFI) and highways organisation ANAS.

As a result, RFI’s 2018-2019 update of its 2017-2021 investment programme has been approved with an additional €15.4bn for rail investment, while ANAS has been allocated an additional €12.5bn.

FS says the approval of this additional spending assures its 2019-2023 Industrial Plan to invest €28bn in the rail network and €14bn in roads.