Ferrovie dello Stato is preparing to open its high-speed rail network to private capital. This was confirmed by CEO Stefano Donnarumma in a Bloomberg article dated 26 June 2025, where he stated that initial talks have begun with both international and Italian investment funds to sell minority stakes in a new company that will be dedicated exclusively to the high-speed rail network. The estimated value of this new entity is around eight billion euros. To ensure stable returns for investors, Donnarumma is in discussions with the Ministry of Economy to adopt a regulated asset model, which would offer predictable cash flows and steady remuneration, following the approach already applied to other major infrastructure networks.
Bloomberg reports that among the potential investors is the Italian infrastructure fund F2i SGR, already active in the sector. However, Fs is also targeting foreign investors, in line with its strategy to further internationalise the group without abandoning its public service mission. The company is expanding the high-speed network along the Milan-Venice, Milan-Genoa (via the Terzo Valico), and Naples-Bari corridors. The Salerno-Reggio Calabria line is also under consideration, though it remains in the early planning stages.
