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Deutsche Bahn reportedly eyeing Italian railway project

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Deutsche Bahn reportedly eyeing Italian railway project
Next stop Milan? Photo: DPA
09:05 CEST+02:00
Germany's national railway operator Deutsche Bahn is reportedly planning to enter the Italian passenger train service market.

According to conservative daily Die Welt, Deutsche Bahn is talking with newly founded train operator Nuovo Trasporto Viaggiatori (NTV) set up by Fiat and Ferrari president Luca Cordero di Montezemolo.

“Montezemolo and his partners certainly have enough capital for such a big project. But they don't have the know-how in the sector – but we do,” an unnamed Deutsche Bahn manager told the paper.

NTV board member Giuseppe Sciarrone reportedly told the paper they were willing to give a minority stake to a “industrial partner” from abroad.

“The majority and therefore the control will stay in Italian hands. But naturally we want to forge international alliances,” Sciarrone said. NTV wants to start service on the route Turin to Naples via Milan and Rome in 2011.

Deutsche Bahn, which is still planning to take part of the company public, wants to use some of the money from selling shares to expand abroad, according to Die Welt.

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