A ten-million-euro loan to enable Interporto Amerigo Vespucci (ITAV) to consolidate its financial position and implement its Industrial Plan in view of its development over the next few years, up until 2029.
This is the decision that the freight village’s stakeholders (Tuscany Regional Administration, the North Tyrrhenian Port Network Authority, Collesalvetti and Livorno municipalities, Livorno’s Provincial Administration, and the Maremma & Tyrrhenian Chamber of Commerce) have stipulated in an agreement that is currently being finalized.
The agreement is based on the Restructuring Plan that the freight village’s board of directors prepared on 12th November last, demonstrating the prospect of a medium-term recovery of the efficient management of the goods distribution hub and ensuring a financially sustainable business continuity.
“The agreement favours the definitive industrial re-launch of an infrastructure whose strategic importance is linked to the development of certain fundamental projects like Darsena Europa and the Raccordo, and the establishment of the Simplified Logistics Zone,” said Port Network Authority President Luciano Guerrieri, thanking the stakeholders for all the work they have done so far.
Although there are still some formal steps to be taken before the financing can be officialized, ITAV’s top management highlights the strategic nature of the loan in view of the growth prospects outlined by the company in its new business plan.
Translation by Giles Foster