en.Wedoany.com Reported - The Italian government is formulating an inter-ministerial decree to allocate the necessary funds for the extension of Milan's M5 metro line to the Monza section. This metro extension will feature 11 new stations starting from the current terminus at Bignami, connecting the cities of Milan and Monza, with the aim of alleviating the current reliance on Trenord regional trains.

The total investment for the project is estimated at approximately 2 billion euros. Due to the depletion of previously allocated funds, the metro construction has been stalled for the past year, with a funding gap of about 576 million euros. The funding coverage plan involves the reallocation of resources from multiple parties: the Municipality of Milan is transferring approximately 400 million euros originally intended for the M4 line extension to Segrate to the M5 metro line, along with another 70 million euros from the M1 line parking lot expansion funds. The Lombardy Region is providing 10 million euros, and the Italian Ministry of Infrastructure is providing 100 million euros.

Once the decree is approved, the metro project will be submitted to the State-Regions Conference for consultation. Milan Mayor Giuseppe Sala and Monza Mayor Paolo Pilotto hope the document can be reviewed at the meeting on May 21. The local administrative bodies aim to publish the tender notice for this metro project by June 30, followed by contract awarding and signing, after which a six-month site preparation phase will commence. The final completion deadline for the project works is set for 2033.

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