Genoa’s new bridge puts spotlight on how Italy can manage recovery

imageEconomy12 hours ago (Aug 02, 2020 03:25PM ET)


(C) Reuters. Static testing operations on the new Genoa bridge


By Francesca Landini and James Mackenzie

MILAN (Reuters) – Just two years after part of Genoa’s Morandi bridge collapsed killing 43 people, a new structure opens in its place on Monday, an achievement in stark contrast to stalled infrastructure projects elsewhere in Italy.

The new kilometre-long bridge, designed by star architect Renzo Piano, replaces the old motorway viaduct which broke apart in the port city on Aug. 14, 2018 in one of Italy’s worst civil disasters in decades.

Prime Minister Giuseppe Conte, who will attend the inauguration of the new Genova-San Giorgio viaduct said it would be a “symbol of a new Italy rising up again.”

The accident laid bare years of mismanagement and poor maintenance and set off an acrimonious battle between the government and Atlantia’s Autostrade per l’Italia, the private concession holder controlled by the powerful Benetton family that ran the bridge.

Several former and current executives of Autostrade and transport ministry officials have been placed under investigation by prosecutors and, after months of wrangling, Atlantia is set to lose control of its lucrative subsidiary.

For the mayor of Genoa and state-appointed commissioner for bridge reconstruction, Marco Bucci, the case is both an example of decades-long failures in Italy’s transport infrastructure and a demonstration of what the country is capable of accomplishing. “There’s a feeling of both regret for what happened and pride in the work that’s been done,” he told Reuters. “We’ve worked and shown Italian excellence.” For years, Italy’s economy has suffocated under a mix of poor governance made worse by corruption and a thicket of vested interests and bureaucracy that have stifled innovation and fostered the kind of neglect that led to the bridge disaster. Genoa itself, surrounded by rugged hills that constrain road transport, has seen a motorway bypass project held up for decades. With the coronavirus crisis still unfolding and billions of euros set to come to Italy from Europe’s newly agreed recovery fund, addressing such failures has gained a new urgency. As well as the shocking human toll, the collapse of the Morandi bridge dealt a severe economic blow to Genoa, costing the city an estimated 6 million euros ($7.06 million) a day in lost revenues and additional costs, Bucci said, with freight traffic interrupted for months.

Under heavy pressure to address the neglect which caused the disaster, the government pushed through an emergency decree to sweep aside red tape. Between demolishing the remainder of the old structure in Feb. 2019 to opening the new bridge 18 months later, the speed of the project has been breakneck in a country with crumbling roads and tunnels and development plans gathering dust. While the circumstances behind the bridge collapse were unique, a lot rides on repeating that momentum elsewhere.

Trust and clear project goals – two things that have often been lacking in big infrastructure projects – were vital, said Roberto Carpaneto, head of RINA Consulting, who worked with the construction consortium led by Italian infrastructure groups Webuild (MI:WBD) and Fincantieri.

“Being able to say what was going to happen, when and why allowed us to build this relation of trust,” he said.

Genoa’s new bridge puts spotlight on how Italy can manage recovery

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>