Gemina to invest more than EUR3.1bn over next 10 years in Aeroporti di Roma

Italy's Gemina unveiled (01-Feb-2013) an updated business plan for Aeroporti di Roma, which includes investing more than EUR3.1 billion over the next 10 years to reverse declining traffic trends. Gemina, which is in merger talks with Atlantia, said it would increase investments by a third to EUR1.2 billion in 2013-2016. The new plan paves the way for Gemina to define details of a merger with Atlantia, including share swap ratios. Gemina said it would invest more than EUR12 billion over the 2013-2044 period, as it aims to turn the Rome airport system into a hub for the Mediterranean region. Gemina said it aimed to attract 100 million passengers by 2044, with an average annual growth rate of 2.7%. Traffic at the Rome airports fell 10% year-on-year in Jan-2013. Gemina also named as board member Carlo Cimbri, chief executive of Unipol , which is merging with Fondiaria-SAI. Gemina said it will present the new plan on 06-Feb-2013. [more - original PR - Italian]