It is between 14,9 and 15,9 million euros the current value of Genoa Airport Spa, the society participated from the Authority of Harbour System of the Western Ligurian Sea (60%) and from the Chamber of Commerce of Genoa (40%) that manages the aeroscalo "Cristoforo Colombo" of the Ligurian capital. The evaluation is of the advisor PwC on commission of the AdSP of the Western Ligurian Sea that started, in the within of a memorandum signed on 20 February from the two associates, a path aimed at the valorization and relaunch of the airport society through the expansion of the compagine to other territorial public subjects and the entry of a private industrial partner with a majority participation. The task at PwC is part of the shared choice of the members to acquire two independent evaluations, entrusted to separate subjects, to have as objective and reliable elements as possible on the value of society. The final report, delivered to the AdSP last Friday, has already been transmitted to the Chamber of Commerce. The evaluation commissioned by the other partner is now expected to proceed to the comparison of the results and to the definition of the reference value for the race.

The future layout of Genoa Airport includes a reduction of the participations of the two current members, with the hypothesis that the AdSP can descend to a minimum quota of 5% and the Chamber of Commerce around 15%. The social pacts must allow the company to take the strategic and operational decisions necessary for its development, avoiding blocking situations.

The estimate formulated by PwC takes into account the expiry of the airport concession in 2029. The methodology adopted considers the cash flows expected up to that date and the subenter value, whose determination will be required to ENAC at the end of the concession. The uncertainty on the latter component determines the range of approximately one million euros between the minimum and the maximum value of the estimate. The residual duration of the concession is therefore an important element in the current assessment of the company.

At the same time, the AdSP worked with the support of professionals to prepare a draft ban, to be completed with economic references and to be defined in accordance with the Chamber of Commerce. Any differences between the two estimates will be examined jointly by the partners to identify a reference value consistent with the market and with the objective of attracting qualified operators, allowing the path to continue in the expected time. The objective indicated today by the president of the harbour agency, Matteo Paroli, on the occasion of the presentation of the evaluation of PwC, is to arrive to the publication of the ban within the autumn, hopefully within the end of November.

Paroli focused on the choice of the industrial partner who - he specified - "will have to respond to a precise development strategy: We will ask for investment skills, specific skills, technological innovation and, above all, new traffics. It is a route - he added - which also looks to the interest of the airport workers: strengthening society means giving stronger prospects to those who work there and creating conditions to increase employment. The objective is to bring Genoa back to be a European reference on the technological and infrastructural plane and to put the company in the conditions to present itself to the contest for the concession of 2029 with plans, operational capacities and stronger synergies. To arrive at that comparison without strengthening the compagine would mean to expose itself to the risk that other operators can put in place a more competitive proposal. It is a risk that we do not want to run".

In this perspective, Paroli has recalled the extra-regional dimension of the port of call, which already serves today a wider territory of the city of Genoa and can further extend its reference basin. The opening to the Liguria Region and the Municipalities concerned - it has found - responds to the role of the airport as infrastructure capable of generating economic and social relapses on the entire territory, even beyond the regional borders. The eventual entry of public bodies will take place on the basis of corporate evaluations and in compliance with the rules applicable to the sale and valorisation of quotas.