FS Italiane, CDP Group, Fincantieri, Snam, Terna and institutions to support Genoa

Genoa, Italy (PortSEurope) November 20, 2018 - The Cassa Depositi e Prestiti Group, together with Fincantieri, Ferrovie dello Stato Italiane Group, Snam and Terna, are to launch a series of initiatives aimed at supporting the city of Genoa and its metropolitan area, hard hit by the collapse of the Morandi Bridge last August. A Memorandum of Understanding was signed with the Delegate Commissioner, the Special Commissioner for Reconstruction, the Liguria Region, the Municipality of Genoa, Autorita’ di Sistema Portuale del Mar Ligure Occidentale (AdSP - Western Ligurian Sea Port Authority) and the Ligurian Finance for Development economic, with the aim of providing concrete support to the economic recovery of the city and its territory through a series of diversified measures aimed at public bodies, infrastructure, businesses, families and a solution to the housing emergency. The elements of the agreement: Financial support to Public AuthoritiesCDP has offered its willingness to intervene in favour of the local authorities of the affected area, starting from the already suspended payment of installments of loans due in the years 2018 and 2019. In this way it will be possible to free up resources to be used to face the emergency and to revive the economic fabric of the territory. Infrastructure supportCDP, Fincantieri, FS Group Italiane, Snam and Terna, also via subsidiaries, will provide support to the areas affected by providing know-how and technical and design skills. The companies aim to support the development of the city and to generate benefits for the community, including through the strengthening of port areas and the local transport system and encouraging intermodality, crucial elements for the revival of the economy of the entire Ligurian area. CDP, in addition to the role of a potential lender, will be able to provide support to the Public Administration for the implementation of initiatives to be implemented through the use of public-private partnerships; Fincantieri will provide the project for the construction of a steel bridge on the Polcevera for alternative roads and will also provide the project for the infrastructural upgrading of the Sestri Ponente shipyard; Gruppo FS Italiane will be able to contribute to the strengthening of public transport services, both on rail and road, according to sustainability and intermodal logics, as well as to the construction or expansion of interchange infrastructures near railway stations and road and railway accessibility to port areas; Snam SpA will be able to build infrastructures for sustainable mobility, with the development of biomethane plants and refueling and liquefied natural gas supply stations (CNG / LNG) serving local public transport, private and road transport, and initiatives aimed at reducing pollutant emissions in the port area of Genoa and the energy requalification of city buildings, in addition to the consolidation of gas transport infrastructures in the Region. Training courses on the topics of energy transition will be arranged. Terna will be able to implement the plan to improve the quality of service of the electricity transmission network of the Genoa metropolitan area and of the entire region and start collaborations with the University of Genoa to promote studies or research in the energy and environmental fields. . Solutions for the housing emergency: CDP, together with the investee companies CDP Immobiliare and CDP Investimenti Sgr, has already made available to the families with an area of 2,200 square meters and divided into 40 furnished apartments, the building is able to accommodate over 100 people. An extensive urban regeneration project is also being implemented, which includes further real estate redevelopment and social housing. Support for businesses and families: CDP, in collaboration with the Commissioners, the Region and FILSE, will propose actions to support families and businesses, implementing new measures and resorting to the use of public funds, as well as resources own. In particular, one or more financing operations may be activated, also involving the banking system, to contribute to the restoration of private assets and of the economic and productive activities affected and to support the revival of the competitiveness of the regional production system. The protocol represents an important step towards the realization of concrete initiatives in favour of Genoa and its entire metropolitan district, a strategic area for the national economic fabric. Thanks to the collaboration of the institutions and companies that have signed this agreement, it will be possible to put in place the most appropriate actions to promote the return to normal of families and businesses affected by the collapse of the bridge. By virtue of the integrated approach and the important synergies activated, the project dedicated to Genoa represents a further step towards the CDP Group's plan for the territories, Source: FS Italiane Copyright (C) PortSEurope. All Rights Reserved. 2018.

FS Italiane, CDP Group, Fincantieri, Snam, Terna and institutions to support Genoa

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FS Italiane, CDP Group, Fincantieri, Snam, Terna and institutions to support Genoa

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Iran’s Caspian Sea merchant fleet comprises 87 ships

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