Italy’s “Ansaldobreda was awarded a contract in 2004 by Danish railways for 83 intercity trains worth a total of EUR 488 million, including an option for a further 67 trains. To guarantee this contract, SACE issued bonds for EUR 50 million. Ansaldobreda, a Finmeccanica company, is a world leader in the transport/mechanical sector and produces the new intercity trains in association with Pininfarina.” From page 39 of the SACE 2005 Annual Report Following lengthy delays in delivery, including a report that AnsaldoBreda and then Italian prime minister Silvio Berlusconi gave Libyan dictator Muammar Gaddafi one missing trainset as a present on the occasion of the 40th anniversary of Gaddafi’s revolution in 2009, Danish State Railways has taken over completion of the trains itself. Ansaldobreda has also been involved in the controversial cancelled sale of high speed trains to Dutch and Belgian rail operators. It is not known if SACE was involved in that sale.
