Mayor of Turin, Sergio Chiamparino will be in London on Wednesday December 1 to launch a massive post-Olympic regeneration of the Northern Italian city of Turin spurred by massive investment in a new railway extension.
Turin, home to Fiat, is a popular location for Italian and international companies but the municipality is keen to enhance its infrastructure and diversify its industrial base. The project being unveiled covers two densely populated districts close to the city center, well connected to the high-speed train line to Milan. The Urban Development plan, in its Variante 200, redefines the urban space and aims to reshape more than 1 million m².
The first 7.2 km phase of Metro Line 2 with 12 new stations which is expected to take two to five years to complete at a cost of 650 million is part of 14.8 km line with 24 new stations in total. It will link North East to South West through the heart of the city. It will unlock a 125 ha brownfield redevelopment site which will include 6,000 new homes and 395,000 m² of office and retail developments and include new health and educational facilities and a new 300,000 m² park.
The entire project will bring in 16,000 new inhabitants and create 14,000 jobs.
A special purpose vehicle Urban Development Company is to be set up to drive the project forward. It will be keen to promote public-private partnerships. It will commission major architectural firms to design projects on its own major landholdings and will promote the highest architectural standards for the private sites.
Mayor of Turin Sergio Chiamparino will outline the business plan and give a comprehensive presentation on this dramatic urban redevelopment. A rountable will follow with the participation of General Motors and Lavazza ,who have recently invested in Turin and BIIS (IntesaSanpaolo Group) and UniCredit, the two main Italian banks.
The expert seminar is organized by Piemonte Agency for Investmen Export and Tourism the regional one-stop-shop for foreign investment, with the support of the Italian Chamber of Commerce and Industry for the UK and will take place on Wednesday, December 1, 2010, 10.30 am at DLA Piper's office 3 Noble Street, London EC2V 7EE. Registration is open on registration@centroestero.org
Source: MJ2 Limited
