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Signing of Contract to extend Line M5 of the Milan Underground
Metro 5 S.p.A. is the SPV (special purpose vehicle) whose main shareholders are Astaldi S.p.A. as leader, Ansaldo STS and Ansaldo Breda, both Finmeccanica companies, and which also sees the involvement of Milan’s transport firm, Azienda Trasporti Municipalizzata (ATM), and ALSTOM. Said company has signed a new concession agreement with the Milan Municipality regarding extension of the Line 5 of the Milan underground as far as San Siro Stadium, which was already the subject of the decree awarding the works dated 29 July 2010.
The contract value relating to Finmeccanica’s Transportation Sector amounts to EUR 156 million – EUR 105 million referred to Ansaldo STS and EUR 51 million referred to AnsaldoBreda. Approximately EUR 440 million will be invested to perform the civil works, which will be executed by Astaldi.