Ferrari Chairman Luca Cordero di Montezemolo, 64, along with a few private investors have invested €1 billion to launch NTV – Nuovo Trasporto Viaggiatori high speed train service between major Italian cities. It was in 2006 that the European Union permitted private investors to enter into competition. Till dated only state run Trenitalia had the monopoly of providing such services and the intervention of Montezemolo and his team will break this domination for the first time in history.
Now, Italian travelers and tourists will be able to make choices between state run and privately run train services. NTV will use Italy’s highs speed rail network and will be operating within 12 stations of 9 Italian cities – Turin (Porta Susa) – Milan (Porta Garibaldi, Rogoredo) – Bologna (Centrale) – Florence (S. Maria Novella) – Rome (Ostiense, Tiburtina) – Naples (Centrale) – Salerno (Centrale).
Operations will commence from April 28th and will keep adding more locomotives to reach a total of 25 trains. Montezemolo and his team will clearly aim to capture at least 25% of Italian high speed train markets by 2014 and hopes to attract 8 to 9 million passengers per annum.
This is a company that Montezemolo has started from scratch. Entering high speed train industry will be easy to attract customers who are willing to pay for quick, comfortable, safe and luxury oriented service. The train can go at 360 km/hr but has been restricted to 300 km/hr due to limitation of infrastructure of Italian railway system. 450 seater trains called “Italo” will be painted red, gold and grey and will have additional room due to the fact that motors are placed under each carriage rather than within it.
Italy’s NTV High-Speed Train Service[youtube]http://www.youtube.com/watch?v=JJu-PiPvMws[/youtube]