Italy Rail Company NTV Faces Obstacles, Azema Tells Corriere

Italian private-rail company Nuovo Trasporto Viaggiatori faces obstacles in competing with state- run Ferrovie dello Stato SpA, Corriere della Sera reported, citing an interview with David Azema, chairman of Societe Nationale des Chemins de Fer Francais, an NTV shareholder.

In France “we have a different approach to competition,” Corriere cited Azema as saying. He also said NTV high-speed trains will use Milan’s second-largest station. Azema said SNCF “doesn’t have plans” to increase its 20 percent stake in NTV, according to Corriere.

NTV will later this year start competing with Italy’s state railway company on the country’s line from Milan to Rome.

To contact the reporter on this story: Lorenzo Totaro in Rome at ltotaro@bloomberg.net

To contact the editors responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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