Italy’s rail infrastructure owner, RFI, and the COCIV consortium have finalised funding for the third construction lot, valued at €607 million, of the Terzo Valico (Third Pass) high-speed railway between Tortona/Novi Ligure and Genoa.
Italy is pressing ahead with the 53-kilometre railway in the north of the country which will form part of Europe’s Rhine-Alpine Corridor – one of several key transport routes identified by the European Commission.
The construction package is the third of six that make up the €6.2 billion project and includes the remaining work on the Valico tunnel and the entire Serravalle tunnel.
Work on the third construction lot will start by the end of June 2015. The entire project is scheduled for completion in 2020.
The COCIV consortium is led by Salini Impregilo, which holds a 64 per cent share. The project is being overseen by Italferr – Italy’s state-owned rail engineering company.
