The ownership of Italy’s rail network will remain public even after the government partially privatises state-owned rail company Ferrovie dello Stato (FS), announced Italian Economy Minister Pier Carlo Padoan. The statement was made at a Lower House hearing on the government’s plans to sell a stake of around 40% in FS.
“The management of the network and of the transport sector are already separate. I don’t know what that management model will be once of the process is complete, but in other cases, public ownership and non-public management of networks co-exist in an efficient way. It’s necessary to asses the options,” Pier Carlo Padoan said. “The listing may be carried out in several phases, although I cannot say how,” he added.
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