Livorno, Italy (PortSEurope) April 22, 2018 – Istituto Regionale Programmazione economica della Toscana (IRPET – Regional Institute for Economic Planning of Tuscany) has said that the Darsena Europa project, to expand Livorno port, could add thousands of direct and indirect job, growth of 1% of GDP at the provincial level and 0.1% at the regional level.
With the sea expansion project, Livorno port aims to increase operational capacity in the container segment, reaching a maximum of up to a maximum of 1 million TEUs.
This is what was highlighted by IRPET expert Leonardo Piccini during a conference dedicated to large infrastructural works and organized by Autorita’ di Sistema Portuale del Mar Tirreno Settentrionale (AdSP – North Tyrrhenian Sea Port Authority).
“If it is true that in the last ten years the economic crisis has eaten in Tuscany €70 billion ($86.02 billion) of public and private investments”, Piccini said, “works such as the new container terminal in Livorno can be a driving force for the entire region: the infrastructure could bring in revenue to the oil port with an average growth of 3.6% per year in container traffic and an increase in the value of production in port following a realization of €1 billion ($1.23 billion) over eight years, an average of €137 million ($168.35) annually from 2022 to 2030.
The goal is to get the infrastructure for 2023. The first step is the preliminary and definitive design of the defense and dredging works envisaged in the new first phase of implementation of the work, which will include the environmental study with analysis of the environmental impact (including a study on coastal erosion).
Meanwhile, the seaborne geological surveys are going ahead, necessary for the sampling of the sediment bank in the marine area where the new infrastructures will be constructed.
The next commitments will concern the construction of the actual container terminal, which will be financed through project finance (PF), an instrument that according to the lawyer Paolo Piacenza, places careful analysis of the context in which a program of investments must be achieved, “PF is a flexible financial instrument, which if managed well by the Public Administration can enhance the few public resources available today, but beware: the problem of financing can be effectively dealt with only through careful risk analysis related to the object to be financed”.
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