Transdev Group pursues expansion in Italy
The city of Genoa, Italy decided to entrust the management of its transport network (bus, Metro, etc.) to a private partner for the first time via an open tendering process.
The network is Italy’s 5th largest urban public transport network. In Genoa, where 610,000 people live, more than 400,000 journeys are made daily and every inhabitant makes in average 240 journeys per year by public transport.
The 6 years contract has been awarded to AMT S.p.A. (Azienda Mobilità e Transporti), in which Transdev has a 41% share.
The turnover of the company is about €150 million. The 6 years contract represents a total amount of €900 million. AMT hires 2,200 employees, owns 860 vehicles including 18 metro vehicles, 20 trolleybuses and 2 funiculars.
Transdev also pursued its expansion in Italy by progressively acquiring the AGI Group, Italy’s third largest private inter-urban and suburban transport group in terms of turnover (€30 million), operating in Lombardy through the activities of its subsidiaries, as well as Venetia and Emilia Romagna through public-private partnerships.