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Livorno: Autorità Portuale Regionale Financial Report Approved

Livorno: Autorità Portuale Regionale financial report approved

Livorno, Italy (PortSEurope) November 19, 2020 – The 2019 financial statements of Autorità Portuale Regionale (Regional Port Authority) have been approved by the Executive and will be submitted to the Council. The authority manages the main commercial ports of regional interest:Viareggio, Porto Santo Stefano, Marina di Campo (Elba Island, Livorno) and Giglio Island. The authority registered a profit of €168,055, 80% of which (€134,444) will
be returned to the Region by virtue of its participation in the company. The remaining €33,611 euros will be set aside by the Authority to constitute a ‘legal reserve’ to cover any future losses. The Port Committees and the Board of Auditors have already expressed favorably on the budget of the Regional Port Authority. “The good work of enhancement done to date by the regional port authority continues on the four regional ports for which it is competent”, said the regional councilor for infrastructure and transport Stefano Baccelli. The rationalization of the management of the ports made by the Region with the creation of the Port Authority has led to important investments both in the main infrastructure that the Authority manages. Each port has been enhanced with investments deemed necessary according to its specific characteristics. “I want to remind you, for example, that among the investments planned for 2020 by the Authority for Viareggio, there are €400,000 for the excavation of the port entrance; €760,000 for the completion of the new commercial quay; €250,000 to finance the final design of the new sand pipeline, a fundamental infrastructure for the upgrading of the airport which, as president of the Territorial and Environment Commission of the Regional Council, I have proposed and supported in past years”, he added. Copyright (C) PortSEurope. All Rights Reserved. 2020.

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