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Italy’s Ministry Of Infrastructure And Transport Receives Approval For Port Investment

Italy’s Ministry of Infrastructure and Transport receives approval for port investment

Source: Autorita’ di Sistema Portuale del Mare Adriatico
Green light from Conferenza Unificata al Decreto to the Decree proposed by the Minister of Infrastructure and Transport Paola De Micheli which allocates €906 million euros to be allocated to 23 works proposed by the Port System Authorities and which the Ministry of Infrastructure and Transport has deemed deserving of funding – August 6, 2020 A first tranche of €794 million, drawn from the total resources
already available in the Investment Fund, will be used for the first 20 structural works deemed priority and immediately ready for construction, as well as meeting the criteria of environmental sustainability, safety and completion of works already partially financed. The second part, amounting to €112 million, will be assigned next September, following the allocation of the 2020 Investment Fund. In particular, funding for approximately €308 million has been allocated to the port authorities included in the northern regions: €200 million will concern only Tuscany with maritime works and dredging of the Europa dock in the port of Livorno, €41 million for the Ligurian ports of Savona, Genoa and La Spezia and €26 million for the port of Venice; the port authorities of central Italy are responsible for another €244 million: in particular in the Marche region €40 million are intended for the construction of a new quay and the lengthening of the dry dock of the port of Ancona, in Lazio €69 million relate to road works in the port of Civitavecchia and a further €30 million the new commercial port of Fiumicino, in Campania €20 million are destined for redevelopment works in the monumental area of ​​the port of Naples; finally, the port authorities of the regions of southern Italy are entitled to a loan of €354 million, equal to 39% of the total: of these €147 million will concern only Puglia with regard to interventions in the ports of Taranto, Bari and Barletta. In defining the resources, the principle of territorial rebalancing was also considered in favour of the regions of the South and the regions affected by the earthquake, for an overall volume of allocations more than proportional to the resident population. Ministry of Infrastructure and Transport (Italy)

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