Cassa Depositi e Prestiti has granted a €50 million loan to support Salcef Group, an Italian industrial group specialising in the construction and renovation of railway infrastructure, tram and metro networks globally.
The funds made available by CDP will be allocated to:
In particular, the new investments will be required for Salcef to carry out the orders it has been awarded in Italy. The goal of this work is to improve the performance and accessibility to the public of the railway service by upgrading and extending the high-speed network located in the Mediterranean Corridor of the TEN-T (Trans-European Networks – Transport) network. It will also improve rail traffic safety by extending the use of ERTMS1 (European Rail Transport Management System) to the entire network.
With around 1,900 employees in 16 countries, the Salcef Group designs, develops and produces sustainable mobility solutions. It has been active on the market for over 70 years with a diversified range of activities: the conception and design through to the maintenance, renovation, construction and electrification of railway and urban transport infrastructure, together with the construction of equipment and the production of concrete products in plants in the province of Pesaro Urbino and Latina.
1The ERTMS (European Rail Transport Management System) is the most advanced system for the monitoring and control of the distance between trains and related systems. It will drive cross-border interoperability and improve reliability and punctuality; it will also lead to energy savings through the optimal regulation of train speed, acceleration and braking. Furthermore, removing old signalling systems will have a positive impact on the landscape.