Subscriber Login

Finance

Government of Italy announces funding for clean buses and rail fleet renewal [free access]

December 1, 2021

The Government of Italy has announced plans to provide funding under the National Recovery and Resilience Plan (PNRR) for the renewal of regional and intercity trains and for the production of non-polluting buses.

 

The government has allocated EUR200 million to Trenitalia, the rail operator in Italy. The funds will be used to procure electric or hydrogen trains, replace obsolete and polluting vehicles, improve service quality, and minimise the environmental impact of vehicles and the noise pollution they cause. The funding includes EUR60 million for the procurement of seven bimodal trains for  Reggio Calabria–Taranto intercity connections which are required to be operational by 31 December 2024. Additionally, Trenitalia has been allocated EUR140 million for the procurement of 70 coaches for intercity night services in Sicily which are required to be operational by 30 June 2026.

 

Further, the government has allocated EUR300 million for the development of the green bus supply chain during the 2021–2026 period. The funds will be allocated to regions in southern Italy such as Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardinia, and Sicily. The planned investments must be completed by 30 June 2026.

 

(1 EUR [Euro] = USD1.13)