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AdSP Genoa Approves 2019 Forecast Budget And The Program Of Works For The Next Three Years

AdSP Genoa approves 2019 forecast budget and the program of works for the next three years

AdSP Genoa Approves 2019 Forecast Budget And The Program Of Works For The Next Three Years

Genoa, Italy (PortSEurope) December 8, 2018 – Autorita’ di Sistema Portuale del Mar Ligure Occidentale (AdSP – Western Ligurian Sea Port Authority) plans investments in works and projects worth €337.897 million ($384.61 million) in 2019, and €922 million ($1.049 billion) in 2019-2021 thanks to the combined provisions of the so-called Genoa Decree, which allocates extraordinary funding of €264 million ($300  million) in favour of the Genoa port system to help overcome for the emergency caused by the collapse of the Morandi viaduct.

Of these, €6 million will be used for the reduction of port taxes and initiatives to support port activities; €4 million are destined to measures to support railway intermodality and €6 million (€2 million per year for three years, starting from 2018) will go to the Compagnia Unica as a port work company penalized in the emergency. The remainder will be used to finance the massive program of urgent infrastructure improvements for the recovery and development of the port and infrastructure related to accessibility and for the intermodal connection to the airport.

The resources will be invested over the three years with the following subdivision: approximately €337.897 million in 2019; €223.818 million in 2020 and €360.296 million in 2021. 

AdSP President Paolo Emilio Signorini said, “Out of the total of 922 million, over €500 million will be guaranteed by the Ente, while the rest will be covered by investments of private entities involved in various ways port development projects”.

In the face of a demanding preliminary investigation, a first list of interventions has been drawn up to be implemented with the “simplified” procedures which will be submitted to the approval of the commissioner’s office belonging to the mayor Bucci. Therefore, for 2019, 205 million euros of investments are envisaged for the Genoa airport, and more precisely for works such as the extension of the elevated port, the reorganization of the access system to the operational areas of the Prà-Voltri basin; the Molo Nuovo Railway Tunnel, the new Piloti Tower; the renovation of the Hennebique building.
Other 112.8 million euros on the Vado and Savona basins, such as the new Porto Vado dam (80 million) and all the necessary interventions following the emergency caused by the sea storm at the end of October in the two airports.

Source: Autorita’ di Sistema Portuale del Mar Ligure Occidentale

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