Background

In Q3 2022, Meridiam acquired a majority stake in the Pisamover project. Pisamover SpA is responsible for the design, construction, financing, operation, and maintenance of the cable-based people mover infrastructure connecting Pisa Airport to the city’s railway station. It is also responsible for two “park and ride” facilities (1250 lots) at the intermediary stop “San Giusto – Aurelia”, located along the Firenze – Livorno highway.

The project originally commenced operations in March 2017 and carries over 1 millions passengers per year. The existing concession with the Municipality of Pisa runs until 2048.

Meridiam has acquired 72% of the project with Leitner retaining the remaining shares. Leitner are the original provider of the cable-based technology and will stay as minority shareholder and back-to-back O&M contractor.

Status:

In Operation

ESG / SDG Key Facts

The project is a green, sustainable, full-electric mobility solution that actively contributes to reduce the CO2 emissions in the area. Offering a reliable transport connection, it incentivizes the use of public transportation and promotes the combined use of different modes of transport (train, local transportation, car, airplanes). About 25% of the tickets are currently being sold as integrated ticketing solutions (mostly with the train to Florence). In addition, customers receive discounts for using both parking facilities and the PisaMover reducing car usage into the centre of Pisa.