Austria and Italy are equal shareholders in BBT SE. The sole Austrian shareholder is Österreichische Bundesbahnen Infrastruktur AG at 50 %. The holding company TFB (Tunnel Ferroviario del Brennero Holding AG) holds 50% of the company‘s shares for Italy. TFB‘s main shareholder is RFI (Rete Ferroviaria Italiana) at 89.85 %, further shareholders are the Autonomous Province of Bolzano at 6,377 %, the Autonomous Province of Trento at 3,446 % and the Province of Verona at 0.32 %. Company Headquarters After the State Treaty between Austria and Italy concerning the construction of the Brenner Base Tunnel was signed on April 30th, 2004, the main offices of BBT SE were located in Innsbruck. With the start of the construction phase in 2011, the main offices were transferred to Bolzano. Once the Brenner Base Tunnel starts operations, the main offices will return to Innsbruck. In addition to the offices in Bolzano and Innsbruck, there are offices located in the project area between Tulfes and Fortezza. Financing Between 40% and 50% of the cost of the Brenner Base Tunnel is co-financed by the European Union. The EU constantly monitors construction progress and the usage of the financing granted and based on this, the Union decides whether to continue granting funds. The remaining 50% - 60% of the costs are shared equally between Austria and Italy. AT 50% EU 40-50% IT 50% 47 BRENNER BASE TUNNEL
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