The State Oil Fund of Azerbaijan (SOFAZ) has invested €34.5 million in Italy’s leading high-speed railway operator, Italo – Nuovo Trasporto Viaggiatori S.p.A. (Italo) by entering into agreement with the Global Infrastructure Partners (GIP), affiliated with US-based BlackRock.
Italo is one of Europe’s leading private high-speed rail operators. Since its launch in 2012, Italo has grown to operate a fleet of over 50 energy efficient electric trains, connecting 54 cities across Italy and serving over 20 million passengers per year.
In 2023, Mediterranean Shipping Company, a global leader in transportation and logistics, a stake of approximately 50% in Italo. The other approximately 50% interest in Italo are owned by GIP, which has joint governance with MSC, and other co-investors, including SOFAZ.
Global Infrastructure Partners (GIP) is a leading infrastructure investor that specializes in investing in, owning and operating some of the largest and most complex assets across the energy, transport, digital infrastructure and water and waste management sectors.
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Uzbekistan and Russia have a portfolio of more than 200 joint projects worth almost $6 billion, as the two countries continue to expand regional and business ties. The projects were discussed during the third meeting of the Council of Regions of Russia and Uzbekistan, held in Fergana, Uzbekistan.
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