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The Port of Genoa doubles its investments up to 2 billion euros

March 04, 2020


Abstract : The great program of operations to develop the port of Genoa is going to double. The value of the planned operations raises up from 1 billion to 1.9 billion, as outlined in the agreement between the Management Committee of the Port Authority and the commissioner structure.

MILAN, March 2 (Class Editori) -- The great program of operations to develop the port of Genoa is going to double. The value of the planned operations raises up from 1 billion euros to 1.9 billion euros, as outlined in the agreement between the Management Committee of the Port Authority and the commissioner structure. The document will be subject to the signature of Commissioner Marco Bucci in the coming days.

In detail, the doubling of the operations to almost 2 billion euros involves: the new breakwater (cost 600 million euros), the shipyard hub of Sestri Ponente with works for the safety and hydraulic adjustment of the Rio Molinassi and Rio Cantarena, the adjustment to workplace safety standards, as well as rationalization of the accessibility of the industrial port area of Genova Sestri Ponente for a total of 697 million euros. New operations will also concern the cruise terminal hub of Stazioni Marittime. Other works will involve the quays reinforcement, safety measures, dredging and the extension of the Ponte dei Mille quay on the east side (20 million euros).

The previous 1 billion euro three-year plan, which benefits from the exemptions for the reconstruction of the Morandi bridge, in addition to the breakwater, was giving importance to the upset to sea of the Sestri Ponente plant of Fincantieri, the restructuring of the Hennebique silos and the adjustment work of the Fuori Muro Park.

Meanwhile, the coronavirus emergency is likely to affect the activity during March and April "with a drop of a few percentage points", explained in a press conference the president of the Port System Authority of Genoa and Savona, Vado Ligure, Paolo Emilio Signorini. However, in February the infrastructure "worked quite well". Nontheless, "over a dozen services from the Far East notified that they will not reach Genoa for the next few months" added Signorini, noting that the infrastructure covers about 65 percent of Lombardy's non-EU interchange.

For what concerns Asia, the Western Ligurian Sea Port Authority recently signed a MoU with the public company that manages the Baku International Sea Trade Port. The document's objectives include the development of synergies in the field of traffic and integrated maritime and railway logistics services; knowledge and good practice activities transfer in areas such as ICT, staff training and the development of innovative port policies aimed at environmental sustainability.

(Source:Class Editori)

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Keyword: investment Genoa

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