MARCONI EXPRESS SPA
is the special-purpose entity established for the construction and the management of the rapid mass transport link between the Bologna International Airport and the city of Bologna. The society, that includes Consorzio Integra Società Cooperativa (75%) and TPER-Trasporto Passeggeri Emilia Romagna (25%), was established in 2010 as a dealer for the realization of the infrastructure in project financing outlawed by the Municipality of Bologna in 2008. The concession has a duration of 40 years beginning from June 2009, year of the sign of the Contract of Concession. In Marconi Express SpA converge important civil and transportation engineering skills, as a dowry by the majority shareholder. Many other relevant skills regarding transport services are done by the minority shareholder.
INTEGRA is a consortium of cooperatives in the form of a joint-stock company. It is a unique reality in the landscape of Italian companies which operate in the constructions’ and services’ fields.
The most relevant bullet points of the consortium are: the characteristics of the social base, the capillary presence in the territory, the technical and economic-financial requirements, the work portfolio, the inclination for the integration of different fields – construction, services, engineering, facilities – and the drive to innovation as a market instrument.
Learn more on www.consorziointegra.it.
TPER – TRASPORTO PASSEGGERI EMILIA-ROMAGNA
is the transport society established the first of February 2012 by the merger of ATC, a road transport company active in Bologna and Ferrara, and FER, regional rail society. TPER is the 6th Italian passenger operator for its revenue and, considering its numbers and service volumes in the public passenger transport sector, it is the biggest company in Emilia-Romagna.
Learn more on www.tper.it.
THE PROJECT FINANCING
Marconi Express is a project company made up of Consorzio Integra and Tper. Marconi Express is holder of the 40-year-long Concession for the design, construction and management in project financing of the people mover, the infrastructure that links Guglielmo Marconi International Airport with Bologna Central Railway Station.
The accomplishment of the project mentioned above is based on private investors funded by the banking system in order to implement the project. Subsequently, investors manage the infrastructure for enough years in order to allow them to return the contracted loan to the Banks and to remunerate the risk capital entered to capitalize the concessionaire society that creates and manages the work.
This financing model allows to accomplish public projects when funds in charge of the Public Administration are not sufficient.
The whole infrastructure required a total investment of 125 million of euro subdivided as follows: 25 are in charge of the Marconi Express partners, 27 depend on regional public contribution, 13 are in charge of the Guglielmo Marconi International Airport, main beneficiary of the service, and 60 are financed by the banks.