CANNES-A subsidiary of Italian state railway company Ferrovie dello Stato Group has won the tender from Czech railway company Ceské Drahy to refurbish and manage three of its railway stations, including Prague Central Station. Grandi Stazione will plough €26 million ($26 million) into the projects in various phases and, in return, will manage the stations for the next 30 years. Details of the scheme have not been released but works will take 36 months and will be complete in 2006.

The first phase of the tender saw GS design and prepare a commercial plan for the stations. The second six-month phase involved negotiations over the price.

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