skip to Main Content
Port Of Civitavecchia Has 2020 Financial Report Approved

Port of Civitavecchia has 2020 financial report approved

Civitavecchia, Italy (PortSEurope) May 3, 2021 – At a session of the Management Committee of Autorita’ di Sistema Portuale del Mar Tirreno Centro-Settentrionale (AdSP – Centre-North Tyrrhenian Sea Port Authority) the 2020 general report and the cancellation of the residual assets and liabilities as of 31/12/2020 were approved. With the approval of the 2020 general report, the work of the AdSP led by President Pino
Musolino completed in 100 days a recovery plan which, with a totally new approach, has made it possible to eliminate the financial deficit of the institution, for a total of about 10 million euros, between the final 2020 and the 2021 budget. As regards the general report for 2020, the deficit of 4.9 million euros was absorbed by the administration surplus created on the basis of the actions foreseen in the consolidation plan, after a decline in tax and royalty revenues in 2020. of port of about 15.8 million euros compared to the initial forecast. “With today’s resolution”, said Pino Musolino, “we have definitively closed the transition phase from the disastrous financial situation that we inherited, to the stabilization of the institution’s accounts that allows us to turn the page and start again not only at the AdSP but but all its constituent ports”.   In addition to the President of the AdSP and the Secretary General Paolo Risso, the Commander of the Rome-Fiumicino Port Authority CV Antonio D’Amore, the Commander of the Port Authority of Gaeta CF Federico Giorgi, the member designated by the Lazio Region, Arch. Roberto Fiorelli and the member designated by the Municipality of Civitavecchia, Arch. Emiliano Scotti, were present at the meeting. Copyright (C) PortSEurope. All Rights Reserved. 2021.

To continue reading please subscribe or log in.

PortSEurope offers an English-language daily coverage from over 200 ports in the Mediterranean, Black and Caspian Seas as well as a fully indexed and easily searchable database with more than 15,000 articles.

Subscribe now
Back To Top