US EditionItaly's State Railway Teams up with Certares Fund on High-Speed Trains Abroad
The joint venture includes a €300 million investment to expand Trenitalia France’s fleet and services, aiming for €1 billion in investments in France and the UK, officials said.
- On Monday, Ferrovie dello Stato announced a joint venture with US fund Certares to accelerate operations in Trenitalia France through a billion-euro partnership.
- The agreement seeks to consolidate Trenitalia France's presence in France and the United Kingdom amid expanding cross-border high-speed rail competition, the partners said.
- Trenitalia France plans to expand its fleet to at least 19 trains, open a maintenance facility outside Paris, increase Paris–Lyon services from nine to 14 daily, and invest one billion euros in routes.
- As a result, incumbents such as SNCF and Eurostar may face intensified competition as Trenitalia France remains unprofitable but plans to challenge Eurostar on Paris–London and consider Paris–Brussels routes.
- In the coming year, Trenitalia France will focus on consolidating and retaining customers to boost occupancy on its red TGV trains and plans a night train linking Italy to Brussels and Amsterdam.
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The plan with Certares provides investments of 1 billion Oltralp and in the United Kingdom. There is a Europe that travels fast without asking permission to the airports. It is the Europe of the High Speed, where the stations return to being strategic crossroads and the train is no longer an alternative, but the protagonist. In this scenario is inserted the new move of the group FS, that signs a strategic partnership in France. Objective to stre…
Radio France Internationale
Italian rail operator teams up with US fund to expand French services
Italy's state rail operator Ferrovie dello Stato has said it will increase operations in its Trenitalia France unit, via a billion-dollar joint venture with US private equity fund Certares.
Certares will invest EUR 300 million in the hexagonal subsidiary of the Italian railway operator.
The end of the year alliance between the State Railways and Certares projects the 2026 of Trenitalia towards France. But behind the agreement between the state company and the investment fund...
FS and France's Certares team up for international high-speed ;;rail services
Italy's Ferrovie dello Stato (FS) Group and Certares of Frnce on Monday signed a strategic partnership envisaging the creation of a joint venture, the strengthening of high-speed rail on international routes, starting with FS France and including the Paris... (ANSA)
Italy's state railway teams up with Certares fund on high-speed trains abroad
Italy's state-owned railway Ferrovie dello Stato (FS) has signed a partnership with U.S. investment firm Certares to develop high-speed train services in France and other European countries, the two groups said on Monday.
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