Italian project under question

A fresh set of problems has hit the long planned Messina Straits Bridge in Italy. There is now reduced funding available for the project from the Italian Government.
March 15, 2012 Read time: 2 mins
A fresh set of problems has hit the long planned Messina Straits Bridge in Italy. There is now reduced funding available for the project from the Italian Government. Some €1.6 billion that had originally been planned for this landmark project is now being used to pay for other infrastructure work, including the Naples-Bari, Foggia-Potenza and Messina-Catania railway.

The Messina Straits Bridge project is being handled by a consortium comprising Italian contractor 3149 Impregilo and Spanish firm 3959 Sacyr. When this consortium was awarded the bridge project in 2005 the estimated cost of building the structure was some €4.4 billion. By the time the project was given the go-ahead in July 2011 the cost had spiralled to €8.5 billion.

Because the Italian interdepartmental committee for economic planning (CIPE) has used the €1.62 billion funding for other projects, the future of the Messina Straits Bridge is now in question.

This move has been welcomed by environmental associations that are pushing for the Italian Government to reject the project. The Italian Government is considering cancelling all compensation payments agreed in the case of the contract being cancelled. Should the whole project be officially withdrawn, it is possible that no compensation would be paid. With Italy's economy struggling at present, there are questions as to whether the major investment required can be found. This much heralded structure is intended to provide a link between mainland Italy and the island of Sicily. However it has a chequered history that has seen the project being announced as going ahead and then being cancelled on more than one occasion.
Road Structures

For more information on companies in this article

Related Content

  • New Thames River bridge crossing proposed for UK capital London
    July 2, 2014
    Plans are once more being put forward for a new bridge spanning the River Thames in East London. The proposed structure is expected to cost in the region of €750 million (£600 million) to build and has been designed by Arup and HOK. The campaign for the new bridge is being led by the London Chamber of Commerce and Industry (LCCI), which says that there is a desperate need for an additional crossing. The campaign group also has the support of City Airport, which lies on the north side of the Thames and would
    Read More
  • “Innovative thinking” can secure vital US transport infrastructure cash
    August 21, 2012
    A leading US regional business association figure has called for “innovative thinking” on transport infrastructure funding and the “aggressive exploration” of new funding sources to help achieve a more prosperous America. Writing in the Cincinnati Enquirer, Ellen van der Horst, president and CEO of the Cincinnati USA Regional Chamber, said: “Just as innovation leads to improvements in the way we do business, innovative thinking can also lead to improvements in the way we fund infrastructure. And the need fo
    Read More
  • India plans major infrastucture investment
    February 10, 2012
    India says it turned its Commonwealth Games into a world-class success, and now it aims to do the same with its infrastructure. Patrick Smith reports. On October, 2010 India put itself on the world stage, and disaster appeared to loom as a catalogue of problems dogged its biggest ever sporting event. Costing nearly US$2 billion to stage, the most expensive Commonwealth Games ever were, according to some, in doubt.
    Read More
  • India plans major infrastucture investment
    April 5, 2012
    India says it turned its Commonwealth Games into a world-class success, and now it aims to do the same with its infrastructure. Patrick Smith reports On October, 2010 India put itself on the world stage, and disaster appeared to loom as a catalogue of problems dogged its biggest ever sporting event. Costing nearly US$2 billion to stage, the most expensive Commonwealth Games ever were, according to some, in doubt. After years of planning some projects were incomplete, there were health scares and a br
    Read More

Highlighted Content