Saturday, January 19, 2008

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Interview with President FS

The admission of the president Innocenzo Cipolletta. Intesa alongside competitors

Railway: new price rises, but
to cover the holes. 'Services will not improve "
" The increases are unfortunately offset the deficit and to pay interest on banks'


ROME - The increases in rail tickets "will continue" in the future. But the quality of service on trains operated by the Italian State Railways hardly be better. The price rises to president of the company's own admission, Innocent Cipolletta, "unfortunately they are not for the improvement of services, but to compensate for the deficit is to pay interest to banks is to plug the holes in the past."

BIG PROBLEMS - Speaking at the recording of an episode of the TV show "Economix" Rai Educational, the President gave an overview of Fs certainly not exciting, "Delays? Are comparable to those of other European countries - he said - but the overall transport system that has problems in Italy. There are 60 million people and the country is congested. Very little has been invested in railways in recent years, there are the same tracks after the war, while it is multiplied by the number of trains and this causes delays. "

COMMUTERS AND LONG DISTANCE - Cipolletta has also clarified that the Railways will not invest on long-distance trains: "They are of old design and the passengers are shrinking. Our policy is to encourage passengers to preferire l'alternativa di collegamenti aerei low cost». Meglio invece puntare sulle tratte di media lunghezza, dai 200 ai 400 chilometri, e sui treni per i pendolari: mille nuovi treni saranno acquistati, anche perché c'è «una quantità di materiale vecchio eccessivo e quindi non ci sono treni per offrire servizi decenti alla gente. Il presidente Prodi ha trovato entusiasmante questo punto e lo ha approvato. Capisco che ci sono difficoltà di finanza pubblica ma credo che ci darà la possibilità di comprarli».

CONCORRENZA - Nel frattempo, la concorrenza si mobilita. La Ntv - Nuovo Trasporto Viaggiatori - che fa capo a Luca Cordero di Montezemolo e Diego Della Valle ha ufficializzato l'acquisto da Alstom of 25 high-speed trains next generation, the AGV. The contract has a value of 650 million euro. The construction of high-speed network will end in 2009 and by 2010 there will be a thousand kilometers of the network on which trains will travel at a speed of 300 kmh. This will take the Rome-Milan in 3 hours and 10 minutes. NTV is particularly interested in this type of connections.

AGREEMENT NTV - The first Italian private operator in passenger rail transport has also confirmed it had reached an agreement with Intesa Sanpaolo, the bank will enter the capital of NTV with a market share of 20%, for a total investment of 60 million euro. With the addition institute in the capital of NTV Luca Cordero di Montezemolo, Diego Della Valle and Gianni Punzo have 25.3% each, 20%, as mentioned, will be attributable to Intesa Sanpaolo, 4% will instead Giuseppe Sciarrone.


January 17, 2008

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