aggio , ▁on ▁Lake ▁Como , ▁to ▁Lu ino , ▁on ▁Lake ▁Mag giore , ▁via ▁L ug ano . ▁Although ▁both ▁ends ▁of ▁this ▁link ▁were ▁in ▁Italy , ▁the ▁company ▁was ▁created ▁with ▁Swiss ▁fin ance , ▁and ▁registered ▁in ▁L ug ano . ▁ ▁Pre vious ▁plans ▁were ▁to ▁build ▁a ▁railway ▁throughout , ▁but ▁difficulties ▁in ▁finan cing ▁the ▁proposal ▁and ▁the ▁substantial ▁engineering ▁works ▁that ▁would ▁be ▁required , ▁led ▁to ▁the ▁re vised ▁plan ▁which ▁was ▁eventually ▁implemented . ▁This ▁involved ▁the ▁construction ▁of ▁two ▁un connected ▁rail ways , ▁both ▁entirely ▁located ▁within ▁Italy . ▁The ▁Men aggio – P or le zza ▁railway ▁and ▁the ▁ ▁were ▁linked ▁by ▁the ▁use ▁of ▁steam bo ats , ▁between ▁Por le zza ▁and ▁P onte ▁T res a ▁on ▁Lake ▁L ug ano , ▁to ▁form ▁the ▁desired ▁through ▁route . ▁ ▁The ▁out break ▁of ▁World ▁War ▁I ▁lead ▁to ▁a ▁considerable ▁loss ▁of ▁traffic ▁and ▁financial ▁problems , ▁and ▁the ▁SN F ▁decided ▁to ▁sell ▁its ▁rail ways ▁and ▁concent rate ▁on ▁operating ▁its ▁steam bo at ▁services ▁on ▁Lake ▁L ug ano . ▁The ▁lines ▁were ▁sold ▁to ▁the ▁Soci età ▁V ares ina ▁per ▁le ▁Im pr ese ▁E let tr iche ▁( SV IE ) ▁in ▁ 1 9 1 9 . ▁After ▁the ▁sale , ▁the ▁company ▁changed ▁its ▁name ▁to ▁the ▁Soci età ▁N avig azione ▁del ▁L ago ▁di ▁L ug ano . ▁ ▁By ▁ 1 9 2