In Italy, in a context of a recovery with weak investment (given that investment in plants and equipment have still not exceeded pre-crisis levels, in contrast with the other major European countries), the FS Italiane Group  saw investment rise once again in 2016 (in 2016, the FS Group invested a total of 5.950 million Euros, +8.2% on what was already heavy investment in 2015), confirming its position as a major investor in Italy supporting the development of the transport, infrastructures and logistics sectors and making a solid contribution to the economic recovery of the country as a whole.

Approximately 71% of the investments were in infrastructures, with an investment by Rete Ferroviaria Italiana of 4.173 million Euros and by TELT Sas, which is responsible for constructing and managing the future Turin-Lyon freight and passenger railway line, for a total of 81 million Euros.

These investments are part of the "iron cure" strongly supported by the Government and the renewed focus of public investment policies in the country's infrastructure (most recently, with the inclusion in the Stability Law of funding worth a total of 47 billion Euros, a considerable amount of which will also be available for transport infrastructures), confirming our position as the leading group by volume of investments in Italy and contributing significantly to the economic recovery of the country. 

RFI has invested heavily in maintaining the efficiency of the national rail network, as well as in the introduction of innovative technologies for safety and circulation management (SCMT, SCC, ERTMS, GSMR, etc.), achieving significant results in these areas. The Group companies made investments totalling 4,173 million in 2016, of which 4,007 million for the Conventional/AC network and 166 million in the HS/HC Turin-Milan-Naples network. 63% of investments were spent on infrastructure maintenance and local works; and 37% on major infrastructure development projects (enhancement of corridors, metropolitan areas and regional services).

It should be noted that 363 million Euros (about 9% of total expenditure) were spent on interventions in cutting edge technology.

About 27% of investments were related to the transport sector, dedicated to rail and road passenger transport, both in Italy and abroad, and freight transport. In particular, Trenitalia contributed 1.557 million Euros, Netinera Deutschland approximately 53 million and the Busitalia group companies, which operate in road transport in Italy, 24 million.

Approximately 2% of the Group's investments were in the real estate sector, made mainly by Grandi Stazioni Rail and Centostazioni for the renovation and enhancement of the main railway stations, which are destined to become, in line with the 2017-2026 Industrial Plan, true integrated mobility hubs.

In the near future, the Group intends to confirm our position as the country's leading investor, with more than 94.5 billion Euros of planned investments during the period covered by the Plan. This level of investment represents an extraordinary driver for growth, not just for the Group, but also for the entire country, multiplying the potential for economic growth in both.

73 billion will be invested in infrastructures, 14 billion in rolling stock and 7 in technological development. More than half of the funding, 58 billion Euros, is already available, 23 of which in self-financing and 35 already allocated in the Program Contracts.

The new Group Business Plan estimates that revenues will grow from the 9 billion forecast for the end of 2016 to 17.6 billion in 2026, with a forecast growth in EBITDA from 2.3 to 4.6 billion.

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