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Italy To Invest €922 Million In Genoa, Savona Ports By 2021

Italy to invest €922 million in Genoa, Savona ports by 2021

Italy To Invest €922 Million In Genoa, Savona Ports By 2021

Genoa, Italy (PortSEurope) December 6, 2018 – Italy’s government plans to invest €922 million ($1 billion) in the development of Genoa and Savona ports in the period between 2019 and 2021, the president of Autorita’ di Sistema Portuale del Mar Ligure Occidentale (AdSP – Western Ligurian Sea Port Authority) Paolo Emilio Signorini, has said.

The funds, partly allocated by the government after the collapse of the Morandi bridge and partly provided by the authority, are included in the budget for next year and in the POT (Triennial Operating Plan) 2019-2021: €337 million ($383.7 million) will be invested in 2019, €223 million ($253.9 million) in 2020 and €360 million ($409.9 million) in 2021.

The Morandi bridge had a serious negative effect on the cargo traffic of Genoa port and the best forecast for the container traffic in 2019 is a zero increase, Signorini said.

Source: Il Secolo XIX

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