Saipem is the largest player in the consortium with a 59% stake and its share of the contract is worth about €970m.

The 48km double-track section includes 2.2 km of connecting lines to Verona freight yard and the Verona - Brenner main line. Construction will start in the autumn and RFI told IRJ that the project will take 6 years and 10 months to complete. The total cost of building the Brescia - Verona high-speed line is estimated at €2.16bn.

The Cepav due consortium was involved in constructing the 39km Treviglio - Brescia high-speed line and 11.7km of connecting lines which opened in December 2016. The two sections form part of the planned Milan - Verona - Venice high-speed line.

Italy’s new minister of infrastructure and transport Mr Danilo Toninelli says he intends to a conduct a cost/benefit analysis all the remaining planned high-speed projects.

For more data on global high-speed rail projects, subscribe to IRJ Pro.