Italy gets 125 million euros to modernise rail fleet
The European Commission approved a state aid scheme to Italy for 125 million euros for companies purchasing new rail freight wagons and locomotives. The scheme will be valid until the end of 2025 and is available to rail freight operators as well as rolling stock lessors active on Italian territory.
The funds will cover up to 30 per cent of the costs for new vehicles as long as the acquirer scraps the same number and type of rail rolling stock they are purchasing. If the new rolling stock items do not replace the older ones, the scheme will still cover up to 20 per cent of the costs.
In addition, the beneficiaries will receive up to one million euros per rolling stock item purchased under this scheme. The main aim of this scheme is to boost the modal shift from road to rail and is part of the Italian Recovery and Resilience Plan.