Brief: Ferrovienord S.p.A. Approves The Text For Renewal Of The Service Contract With Regione Lombardia

FNM SpA

02/12/2022 18:21

Dec 2 (Reuters) - FNM SpA  FNMI.MI :
    * FERROVIENORD S.P.A. APPROVES THE TEXT FOR RENEWAL OF THE
SERVICE
CONTRACT WITH REGIONE LOMBARDIA 
    * FNM- APPROVED RENEWAL OF PUBLIC SERVICE CONTRACT WITH
LOMBARDIA,
SET TO EXPIRE ON 31 DEC FOR THE PERIOD FROM 1 JANUARY 2023 TO 31
DECEMBER 2027
    * FNM SPA - MAXIMUM TOTAL VALUE OF THE NEW SERVICE CONTRACT,
AS
APPROVED TODAY BY FERROVIENORD, IS ESTIMATED AT EUR 330.6
MILLION
    * FNM-TERMS OF NEW SERVICE CONTRACT, IN CONTINUITY WITH ITS
PREDECESSOR, ENVISAGE THE APPLICATION  OF AN "ACTUAL
PERFORMANCE" REMUNERATION MECHANISM
    * FNM-NEW SERVICE CONTRACT NO LONGER ENVISAGES AUTOMATIC
UNIT FEE
REDUCTION MECHANISMS FOR FERROVIENORD
    * FNM SPA - FIXED ANNUAL CONTRIBUTION OF €1.8 MILLION FOR
THE
DEVELOPMENT OF  THE CAR-SHARING SCHEME OF E-VAI S.R.L. HAS BEEN
ELIMINATED
    * FNM-TEXT OF NEW SERVICE CONTRACT HAS NOT YET BEEN APPROVED
AT
REGIONAL LEVEL; EXPECTED THAT RELEVANT RESOLUTION OF COUNCIL MAY
BE PASSED BY 15 DEC

Source text for Eikon:  ID:nBIAbVZ8q0 
Further company coverage:  FNMI.MI 
 ((Reuters.Briefs@thomsonreuters.com;))