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49 million euros invested in the Network’s ports in 2019

49 million euros. This is the substantial sum the Port Network Authority committed in 2019 for implementing and maintaining infrastructures in its ports.

The accounting framework that emerges from the final financial statements presented today at the Management Committee meeting gives a comforting picture of the accountability of the Port Authority’s activities.

In 2019, 73 euros million were committed, 49 million of which for infrastructure and maintenance work, and 24 million for other current expenditure.

In terms of revenue, on the other hand, last year the Port Network Authority collected €84 million, €26.5 million of which from taxes on goods loaded and unloaded, anchorage dues and fees. This marks an increase of €5.5 million compared to 2018, demonstrating the increasing traffic flows and the growing number of vessels berthing in our Network ports over the three years prior to the COVID emergency. 18 million euros were also from revenues related to the collection of state property fees (including concessions, temporary use and public berths) and 29 million from transfers of resources from the State and the Region.

Overall, on 31/12/2019, the Network Authority had an operating surplus of 11 million euros, which increased the total administrative surplus to 102.5 million euros, including a committed portion of almost 43.5 million euros, and a final cash balance of more than 191 million euros.

Finally, the financial statement shows a net profit of 9.5 million euros for the year.

“We are happy with the results of 2019 – said the President of the North Tyrrhenian Network Authority, Stefano Corsini – “I want to thank the offices that have worked hard to meet the original deadline for the presentation of the budget, recently extended to June.”

For Mr. Corsini, what has been approved today is “a growing, solid budget, which allows us to have considerable resources available to be used in infrastructure, in the face of a pool of projects that has grown enormously over the last two years. Moreover, it will allow us to access additional resources and, soon, finally start up many long-awaited interventions.”

They are resources “that also enable us to deal with the economic situation in the best possible way, and to support businesses and workers in the difficult times ahead.”