Edition:
United States

FNM starts railway rolling stock acquisition program of up to EUR 1.61 bln


Tuesday, 1 Aug 2017 10:51am EDT 

Aug 1 (Reuters) - FNM SPA ::BOARD APPROVES TO START PROGRAM TO BUY RAILWAY ROLLING STOCK.PROGRAM ENDS BY 2025 AND COVERS UP TO 161 TRAINS.THE MAXIMUM INVESTMENT IN THE PROGRAM IS EQUAL TO 1.61 BLN EUROS, TO BE FUNDED BY STATE AND REGIONAL FUNDING.THE PROGRAM AMOUNT WILL BE DISBURSED BETWEEN 2017 AND 2032.MAY RESORT TO THE FINANCIAL MARKET TO FIND FINANCING GIVEN THE TIMING OF REGIONAL FUNDING DISBURSEMENT.TO EVALUATE POTENTIAL IMPACT ON 2016-2020 STRATEGIC PLAN AND TO INFORM THE MARKET ABOUT IT BY THE APPROVAL OF H1 2017 RESULTS. 

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