(Alliance News) - FNM Spa and Regione Lombardia have announced that they will meet with the mayors of the Mountain Community of Sebino Bresciano with the aim of explaining the opportunities for the area arising from the H2iseO project and providing updates on how and when it will be implemented.

H2iseO is an innovative project aimed at developing a Hydrogen Valley in Valcamonica, starting with the use of hydrogen in local public transport. The project involves replacing the entire diesel fleet operating today with the commissioning of 14 new hydrogen trains, the last eight of which will become operational by the first half of 2026.

Three CO2-free renewable hydrogen production, storage and distribution facilities will also be built. The hydrogen conversion of the mobility chain in Valcamonica will be completed with the commissioning of 40 hydrogen buses to replace the entire fleet used today by FNM Autoservizi.

The total investment is currently estimated at EUR392.4 million and takes into account price and design updates. The rail investment stands at EUR362.4 million, divided into EUR177.6 million for facilities and EUR184.8 million for trains, of which EUR177.3 million is financed with contributions from the Lombardy Region for EUR80.1 million and PNRR for EUR97.2 million, and EUR70.8 million related to the first batch of six trains financed with FNM's own funds.

The remaining EUR114.3 million estimated for the purchase of the second batch of trains can be financed with additional public resources or, alternatively, with own funds. The investment for bus replacement is estimated at EUR30 million.

FNM's stock is down 0.9 percent at EUR0.44 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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