The contract overall is worth around €575m, with the Hitachi share valued at €342m and the Bombardier share valued at €233m.

All 14 of the new high-speed trains will be built in Italy.

The 200m-long trains are designed for commercial speeds of up to 360km/h, and can carry around 460 passengers. The trains are equipped with onboard Wi-Fi, a meeting room and bistro area.

The Frecciarossa 1000, designed and built in Italy, is the fastest-ever service high-speed train in Europe.

A partnership between Hitachi and Bombardier is also competing against Alstom, Siemens, CAF and Talgo for the contract to supply a high-speed fleet for Britain’s High Speed 2 project.

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