Gioia Tauro, Italy (PortSEurope) December 23, 2020 – The Board of Auditors of Autorita’ di Sistema Portuale dello Stretto (AdSP – Strait Port Authority), has approved the 2021 budget and the 2021-2023 Three-Year Operational Plan. The forecast budget estimates revenue of €28.5 million ($34.74 million) and expenses of € 49.6 million, generating a deficit of €21 million is fully covered by the presumed balance sheet
surplus of €120 million at 31 December 2020. It follows, therefore, that the presumed surplus as at 31 December 2021 will amount to €99.5 million, of which €91.5 million is tied up for infrastructure works, provisions for risks and charges and severance indemnities. With regard to POT 2021-2023, the Port Authority explained that the new planning expresses the intention to consolidate the strengthening of the infrastructure and, in continuation with what has already been started in the previous programming, to offer further growth to its stopovers. Relevant to the port is a guarantee of greater competitiveness in the transshipment market and, at the same time, the start of intermodality thanks to the new railway gateway which will start in the New Year. The aim is also to differentiate the offer and to integrate the water-front services with those of the retroport and intermodal logistics, to relaunch port activities. At the heart of this strategy is the €40 million construction of a dry dock intended mainly for maintenance operations of medium-large size container ships. With this objective, the works to restore the western docks in sections G – H have also been planned, in order to allow the approach of the dry dock, for a value of €20 million. Furthermore, among the works envisaged by the POT, the rehabilitation of the quay of sections A and B will continue, with works which will start in the middle of next month, and with the structural adjustment of the quay flooring in the section C programmed to increase its bearing capacity for a value of €3 million. Connected to these interventions, also the strengthening of the bollards which, with an investment of one million euros, will be replaced with the same number of higher power (200 tons) in order to ensure a safe docking of the mega container ships. With the aim of making institutional synergies fully operational, the accommodation of the Port Authority will also be built (€2.6 million), an aerial platform (€1.4 million) and a structure that will house the Entry Point border inspection customs (€2 million). Among the works planned for the port of Crotone, the re-flowering of the mantle and the reconstruction of the outer wall were planned, to support the operation of the old port, for an economic value of two million euros. While, to improve the shelter, in the presence of adverse weather conditions, the extension of the outer pier has been planned (€7 million). Finally, with the specific objective of giving a concrete response to the requests of the fishing sector, a mobile quay will be built for fishing units (€2 million). In support of the development of the port of Corigliano Calabro, among other project activities, the creation of the cruise dock (€8.1 million) has been planned to ensure greater development in the sector at the port. At the same time, in order to optimize the operation of the entire infrastructure, works to reorganize the road network have been planned to allow the channeling of vehicle flows to and from the port, with an investment of €800,000. Finally, specific planning involves the redevelopment of the port of Palmi through the construction of the shore quay which, thanks to a loan of €4 million, aims to offer an increase in the port’s services. Source: Autorita’ di Sistema Portuale dello Stretto (AdSP – Strait Port Authority) Copyright (C) PortSEurope. All Rights Reserved. 2020.