Genoa, Italy (PortSEurope) November 1, 2021 – The management committee of the Ports of Genoa has approved the budget for 2022. It forecasts revenue of €1.097 billion ($ 1.2 billion) and expenditure of €1.183 billion with a negative operating surplus of -€86.391 million. This further contributed to the reduction of administrative surpluses, which fell from approximately €300 million in 2017 to €55.878 million expected in
2022. The ports of Genoa, Savona, Pra and Vdao Ligure are manged by Autorita’ di Sistema Portuale del Mar Ligure Occidentale (AdSP – Western Ligurian Sea Port Authority). Capital income (€986 million) largely derives from transfers from the state (€621.8 million, of which €600 million for the financing of the New Genoa Dam by the Ministry of Infrastructure and Sustainable Mobility) and for €61.3 million from transfers from the Liguria Region. Financial loan transactions are also envisaged for €302.8 million. On the expenditure front, the 2022 budget foresees current expenses amounting to €78.2 million and partly capital expenditures amounting to €1.089 billion. In addition, €23.6 million of expenses are foreseen for the acquisition of technical support services (planning, preliminary studies and checks) and €30 million for interventions in the Naval Repairs area. In addition to the major works of the Extraordinary Program, the most significant capital expenditures of the Ordinary Program include the acquisition of the VIO areas (€5.3 million) for the construction of the project relating to the Railway Terminal annexed to the port of Savona Vado; the last tranche of property acquisition in the Gheia district in Vado Ligure (€600,000) as required by the Program Agreement stipulated by the former Port Authority of Savona as part of the construction of the Vado Ligure platform; the public contribution to cover the investment plan preparatory to the tender for the concession of the dry dock service (€10 million). With the notes to the changes in the financial statements submitted to the approval of today’s meeting of the Committee, the establishment of a new surcharge on goods was ordered which, starting from 2023, will fully replace the previous one, in force since January 2004 and established by then the Port Authority of Genoa. The new surcharge will have an expected revenue of €11.8 million for the first period 2023/2027, to be subjected to verification as early as October 2022 due to the actual draft requirements deriving from compliance with the expense schedules of the financed works. Green light of the Committee also to the signing of the Agreement between the company Autostrade and the Port Authority of the Western Ligurian Sea together with the Liguria Region and the Municipality of Genoa concerning the compensation measures following the Morandi Bridge. Specifically, the Agreement, ratified by MIMS, provides for the AdSP by ASPI a share of €75 million for initiatives – to be agreed with the Authority – to favor and facilitate access to the ports of the port system. A further €100 million are allocated to mobility projects which concern, among other things, the creation of “buffer” areas dedicated to heavy vehicles, both in proximity and remote, to be positioned along the motorway sections directed to the two port hubs. These interventions will also be accompanied by technological developments, integrated with the systems already operating in the port area, aimed at accompanying carriers to the ports, with the aim of optimizing and making more efficient stops and movements of vehicles, people and goods. With regard to the indemnities provided for by article 199 of Law 77 and by paragraph 15 bis of art. 17 Law 84/94, a contribution of €230,392.97 for the costs of re-employment of personnel not suitable for carrying out port operations and a contribution of €46,818.36 were approved in favor of the CULP Company “Pippo Rebagliati” of Savona for training expenses incurred during the period January-July 2021. Finally, provisions were approved relating to the issue and renewal of multi-year concessions, state-owned licenses and authorizations pursuant to art. 24, pursuant to art. 45 bis., Pursuant to art. 68 of the Navigation Code Regulation.