TELT is the public binational promoter responsible for the realisation and operation of the cross-border section of the mixed Lyon-Turin freight/passenger railway line. TELT is a French company owned 50% by the French State (via the Ministry for the Economy and Finance) and 50% by the Italian State (via the Ferrovie dello Stato Italiane group). It was founded on 23 February 2015, replacing LTF (Lyon Turin Ferroviaire), owned by the operators of the SNCF and RFI railway networks, which was responsible for the studies and preliminary works from October 2001 to February 2015.