Lombardy Region wants to request control of Trenord by 2028

Lombardy region intends to ask for control of all the share capital of Trenordthe main company that manages public rail transport in Lombardy. Currently, the company is 50 percent controlled by Trenitaliagroup company state Railwaysand another 50 percent from the group Northern Milan RailwaysThe latter, in turn, is controlled by approximately 57 percent by the Region, 15 percent by Ferrovie dello Stato and 28 percent by private individuals.

To the President of the Lombardy Region, Attilio Fontanawas asked whether he intended to ask for 51 percent ownership of Trenord by the end of his termwhich will last until early 2028. He replied: “We are discussing. Maybe not exactly 50 percent plus one but all the share capital. The new top management has taken office (of Ferrovie dello Stato, ndr) and we will resume the dialogue”. According to what is declared on the official website, Trenord’s share capital amounts to over 74 million euros.

Currently, the Lombardy Region – whose government majority is in the hands of the centre-right – has Trenord contract extended by 10 years without any international competition, a modality that could guarantee a more competition but which in recent years has been followed by almost all other Italian regions. This despite the fact that from 2017 to 2023 the indicators of the quality of service provided by Trenord to commuters they all got worse. For 2024, the target for the punctuality index has been set at 89.5 percent, although in 2023 only the80.3% of convoys arrived at its destination on time: a figure that had even worsened compared to two years earlier, when 83.7% of trains were on time.

In recent years, he has attacked the Democratic Party, despite the poor service and the salary of Trenord’s CEO, Marco Piuri, “grew by 34% compared to 2019 and reached 663,503 euros in 2023″. And, adds the minority in the Region, “in 2023 there was a boom in complaints formulated at Trenord, 25% more than the previous year”.