Unveiled FS 2017-2026 strategic business plan

Unveiled FS 2017-2026 strategic business plan

ITALIAN State Railways (FS) plans to invest €94bn to modernise the railway and to double its turnover during the next 10 years according to its FS 2017-2026 strategic business plan which was unveiled in Rome on September 28.
The plan was presented by FS CEO Mr Renato Mazzoncini together with FS president Ms Gioia Ghezzi to a gathering of financial institutions and analysts together with Italy’s prime minister Mr Matteo Renzi and the minister of infrastructure and transport Mr Graziano Delrio.
The plan is designed to transform FS from a traditional national railway into an international integrated mobility provider for both passenger and freight. The plan has what Mazzoncini describes as five strategic pillars:
• greater integration with other operators to provide door-to-door passenger services
• a radical reorganisation of FS’ freight business to turn it into an integrated logistics operation
• integration of rail and road infrastructure
• international expansion, and
• digitisation.
Integrated logistics
FS intends to spend €1.5bn on developing its freight and logistics business, with €1.1bn allocated to rolling stock, €300m for terminals and logistics, and €100m for information technology. Turnover is forecast to more than double from €1bn this year to €2.1bn by 2026.
The freight business will be restructured to avoid duplication of activities and maximise efficiency under the new name Mercitalia (Freight Italy), which will have three divisions: Mercitalia Rail, Mercitalia Logistic, and Mercitalia Terminal, together employing 4000 people.
Source: International Railway Journal