Independent journal on economy and transport policy
20:23 GMT+1
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Tecnimont sells the participation in Consortium COCIV (Third Pass) to Impregilo and Italian Society for Water Conducts
While the deep ones for according to lottery of the project are diverted towards others infrastructural works
June 17, 2013
Slid saturday, with "I decree of Fare", the guided Italian government by Enrico Letta, evidently disabled or incapable to retrieve new resources to finance in order to stimulate a resumption of the economy, it has decided among other things to use deep destined to infrastructural works not still under way in order to finance with beyond three billions of euro those cantierabili or under realization. Between the resources diverted figure the financings for according to lottery of the Third Pass of the new railway line to high ability - high speed between Genoa and Milan.
Today, while, the Maire Tecnimont group has announced the cession of the own entire quota participation, pairs to 20%, stopped from the controlled Tecnimont Spa in Consortium COCIV (Consortium Integrated Connections Fast) that it acts as general contractor for the executive planning and the realization of the Third Pass. 10% will be acquired from Impregilo (group Salt) and 10% from Italian Society for Water Conducts. Each transaction will have a value of about 25 million euros. With the acquisition the quota the Salt group in Consortium COCIV will go up to 64%, while that of Italian Society for Water Conducts will go up to 31%. Remaining 5% of the capital of the Consortium are stopped by Civ Spa.
Communicating the acquisition Impregilo and Tecnimont they have remembered that the total value of the works and the contrattualizzati work for the Third Pass piles to 4,6 billion euros. The previewed total expense for the entire work is of 6,2 billion euros and first and according to lottery of the project they preview amounts - both approved of from the CIPE - pairs respective to 719 million and 1,1 billion euros.
The decision of the government to use the destined money to the Third Pass in order to finance other yards has peeved the summits of the genoese and from Liguria local institutions, that they have expressed worry for the future of the work. The representatives of the government have assured that the deep ones for the Third Pass will be restored and that the work remains a priority.
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Slid saturday, with "I decree of Fare", the guided Italian government by Enrico Letta, evidently disabled or incapable to retrieve new resources to finance in order to stimulate a resumption of the economy, it has decided among other things to use deep destined to infrastructural works not still under way in order to finance with beyond three billions of euro those cantierabili or under realization. Between the resources diverted figure the financings for according to lottery of the Third Pass of the new railway line to high ability - high speed between Genoa and Milan.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
