Italy’s Infrastructure Minister Opposed to Railway Privatisation

Italy’s infrastructure minister said on Thursday he was opposed to a privatisation of the railway network.

“I confirm the position I have always held from the start of this discussion: for me the railway network should not be privatised, It’s better if the network stays public” Graziano Delrio said in an interview with the Il Sole 24 Ore newspaper.

Delrio is considered close to Prime Minister Matteo Renzi and his position may mark the latest setback to Italy’s privatisation plans.

Ferrovie dello Stato is one of several state assets earmarked for sale as Italy looks to lower its public debt. The sale of a first stake has been expected to be completed next year and the government has chosen Bank of America Merrill Lynch as adviser.

Delrio said a long-term plan for the railways was needed to create a national transport champion.

Source : Reuters