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As part of the initiative, $25,000 grants will be awarded to design teams in order to "conduct design, technical and economic feasibility assessments for mass timber".
According to the company's same announcement, Invel offers €7.50 in cash, for each Share of the Offer that is legally and validly offered to it within the acceptance period.
The train will enter commercial service in Valcamonica between the end of 2024 and the beginning of 2025, along the non-electrified Brescia-Iseo-Edolo line of FERROVIENORD.