MILAN, Feb 1 (Reuters) - Italy's holding company Geminaunveiled on Friday an updated business plan for its Rome airportoperator ADR, which includes investing more than 3.1 billioneuros over the next 10 years to reverse declining traffictrends.
Gemina, which is in merger talks with motorway operatorAtlantia, said in a statement it will increaseinvestments by a third to 1.2 billion euros in 2013-2016.
The new plan paves the way for Gemina to define details of amerger with Atlantia, including share swap ratios.
Gemina said it would spend a total of more than 12 billioneuros over the 2013-2044 period, as it aims to turn the Romeairport system into a hub for the Mediterranean region.
Gemina said it aimed to attract 100 million passengers by2044, with an average annual growth rate of 2.7 percent. Trafficat the Rome airports fell 10 percent in January from a yearbefore, it said.
Gemina also named as board member Carlo Cimbri, chiefexecutive of insurer Unipol, which is merging withFondiaria-SAI.
Gemina said it will present the new plan to analysts andinvestors on Feb. 6.
Atlantia and Gemina are both controlled by the Benettonfamily's holding Sintonia.