English | دری

'Ferrari of trains' puts Italy on fast track

in International Business

'Ferrari of trains' puts Italy on fast track

Privately-funded service set to offer luxurious high-speed travel between Milan and Naples.

Ferrari president, Luca di Montezemolo, is an ambitious man. After all, he didn’t get to where he is now by sitting on his chair and sipping hot cocoa. A few years ago, he announced that he was investing in a plane to bring a private high-speed rail line to Italy.

It took a couple of years to get to this day, but finally, Montezemolo has unveiled the very first train his company NTV is putting on the tracks in Italy. The train, which is being called “Italo,” is the fruit of years and years of testing and development by NTV and is considered as one of the most modern trains in Europe.

The Milan-to-Naples route will also be the first privatised high-speed route in Europe, offering an alternative model to government-funded networks in other countries.

How awesome is it? Among the many features of Italo, the few that stood out were on-board wi-fi and a small theater. Yep, a small theater.

NTV is expecting ITALO to have its maiden voyage on March 2012 with the company looking at a goal of carrying 10 million passengers annually across Europe by 2015.

Montezemolo isn’t the only big-time investor in the company. In addition to the Ferrari president, other investors in NTV include Tod’s Shoes CEO Diego Della Valle, the French Rail Company SNCF, and a slew of other Italian businessmen.



Related Articles

Lagarde says China must reform economy and yuan

International Monetary Fund (IMF) head Christine Lagarde has said that China must stop its economy being too dependent on exports

South Africa's economic growth rate slows

The rate of growth in the South African economy slowed sharply in the first quarter of the year, hit by

Bill Gates is the richest person on the planet, for the 16th time

According to the annual list published by Forbes magazine, Bill Gates whose estimated net worth stands at 79.2 billion dollars,

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.