Delays on major works cause Ligurian GDP to lose 1.1 billion

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The construction of infrastructures, in particular road, railway and logistics infrastructures, plays a key role in the estimates of the increase in Liguria’s GDP, from now to 2025 and then to 2030. This is what emerges from the seventh edition of the Liguria Forum 2030organized by The European House Ambrosetti (which has set up a permanent Observatory on infrastructural projects in the area) with the Liguria Region.

From the report, presented by Valerio De Molli, managing partner and CEO of Ambrosetti, it emerges that the delays accumulated within the time schedules for the construction of the works in question lead to an estimated loss of the potential value of GDP of approximately 1.1 billion by 2025.

Infrastructure that has been awaited for years

Among the infrastructures we are talking about are those that Liguria has been waiting for for years: the Gronda di Ponente; the Aurelia bis; the Val Fontanabuona Tunnel (all road); the Third Pass and the railway junction; the doubling of the Genoa-Ventimiglia route; the completion of the doubling of the Pontremolese (all railways); and then the interventions concerning the accessibility to the logistic nodes, ie the new breakwater of the port of Genoa and the upgrading of the Cristoforo Colombo Airport.

“The completion of the mapped infrastructure works – reads the report – has a significant impact on the Ligurian economy which translates into an estimated increase in the regional GDP of 3.9 billion euros in 2025, compared to 2019 (quantifiable in a growth by 7.8% compared to 2020, the starting year of the infrastructural interventions considered), up to an increase of +13.7% in 2030 (for an additional 6.8 billion euro)”.

In the short term, however, continues the report, “due to the delays that are accumulating on the main works, Ambrosetti’s estimates have instead quantified”, as mentioned, “a potential loss of value in the order of 1 .1 billion, cumulative by 2025”. In the absence of those delays, therefore, the estimate of the increase in Ligurian GDP by 2025 could have reached up to 5 billion instead of 3.9.