FS investments for 94 bn in 10 years (2)

FS to merge with ANAS, says CEO

(ANSA) - Rome, September 28 - Italian rail company Ferrovie dello Stato (FS) said Wednesday that its new 10-year plan for 2017-2026 provides for investments worth 94 billion euros over a decade.
    In particular, 73 billion euros will reportedly be invested in infrastructure, 14 billion in rail material and seven in technological development.
    Over half of the resources pledged for the plan - 58 billion - are reportedly already available. FS President Gioia Ghezzi said the new industrial plan will introduce major changes and bring a "cultural revolution inside the group".
    The rail company's chief executive Renato Mazzoncini also said during the plan's presentation on Wednesday that FS will merge with motorway company ANAS.
    ANAS and rail network Rete Ferroviaria Italiana (RFI) "will become sisters" within the FS holding, the CEO said, saying joint investments and management choices will help save up to 400 million euros as part of the plan.