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Port Of Livorno Sees 2020 Revenue Down 27%

Port of Livorno sees 2020 revenue down 27%

Livorno, Italy (PortSEurope) April 30, 2021 – Today, in the first session of the management committee of Luciano Guerrieri, the new president of the Port Authority of the Northern Tyrrhenian Sea (Livorno, Capraia, Piombino, Portoferraio, and Rio Marina and Cavo), the final budget for 2020 was approved. Revenues amounted to almost 37 million euros, down 27 percent compared to the previous year, while capital account
receipts decreased by 58.5 percent, from 32.8 million euros to 13.6 million. During the year, the AdSP forfeited 9 million euros thanks to state concession fees, of which 5.8 million euros in the port of Livorno alone. Revenues for concessionary activities decreased by 3.1 million euros as a result of the refreshments dedicated to concessionaires and port companies. Current expenses amounted to 23.6 million euros, of which 14 million euros for the functioning of the body. Capital expenditure for investments amounted to almost 31 million euros, of which 24 million euros for infrastructure and maintenance works. To this figure, 6.6 million euros must be added for the subscription of the capital increase approved by the company Interporto Toscano A. Vespucci in execution of the Memorandum of Understanding signed in 2016 with the company itself and the Tuscany Region. Cash management, on the other hand, highlights the good state of health of the institution. The available administration surplus reached 99.8 million euros at the end of 2020, of which 51 million euros unencumbered. An availability that according to Guerrieri will allow the port authority to support the numerous investments that will become necessary for the modernization of the ports of the system. The final cash balance amounts to over 200 million euros. “Despite the obvious difficulties that the ports of the system had to face in the year of the pandemic, the balance sheet presents very positive management data, also in terms of investments,” said Guerrieri. The interventions aimed at improving safety in the port area, the new viability of the Molo Italia, the activities aimed at the construction of the Microtunnel, the capital increase of the interport “which I consider one of the most important system initiatives implemented by the institution in this period », are just some of the works enunciated by Guerrieri during the session. “The numerous investments made for the modernization and infrastructure of the ports and maintenance activities – he concludes – show how the institution has been able to keep its spending capacity intact, even in an economic context such as the one we are still experiencing”. Source: Autorita’ di Sistema Portuale del Mar Tirreno Settentrionale (AdSP – North Tyrrhenian Sea Port Authority) Copyright (C) PortSEurope. All Rights Reserved. 2021.

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