Given the political dynamics in Italy, the commission’s CBA could prove useful in deciding whether to complete the high-speed rail link between the two EU nations.
On Monday, in an interview with Itlian news daily Il Corriere della Sera, Massimo Garavaglia, Italy’s undersecretary of economy stated, it would be hard to disprove for a high-speed rail link between France and Italy.
The comments come in the wake of the Italian government forming a commission to carry out a cost-benefit analysis in order to decide whether it is worth completing the rail link; the project has already cast a shadow in the ruling coalition.
“It’s hard to demonstrate that the work does not stand,” said Garavaglia
He went on to add, the Italian government is considering using Cassa Depositi e Prestiti (CDP), a state lender, in its privatization drive for 2019, saying it would be the only way to sell assets “without depressing companies’ market prices”.
Incidentally, Italy plans on raising $12.6 billion (11 billion euros) in 2019 from the sale of its assets.