Revocation of the Autostrade Italia concession, absolutely, indeed not, perhaps, boh…. Disoriented government

Still in 20 under the rubble, these are the numbers of the alleged missing that would bring to 60 the victims of an announced tragedy.

While the relatives of the victims would gladly give up at the state funeral, the politicians begin the tug of war between accusations, revocation of concessions, or rather, perhaps, boh .... A harrowing scenario but for them, the governed and politicians, seems to always be an election campaign. The Atlantia company that controls Autostrade Italia has already lost 4 billion on the stock exchange and sends a clear signal to the government, 20 would be the billions that would have to come out of the State's pockets in case of revocation of the concession.

The Government, therefore, disoriented takes time and tries to climb on the mirrors. Luigi Di Maio is convinced of the revocation without ifs and buts. Matteo Salvini and Deputy Minister for Transport Edoardo Rixi, slow down, "If Autostrade per l'Italia will shortly provide resources for displaced people, for the families of the victims and rebuild the Morandi bridge without waiting for the investigation, we will decide whether or not to terminate the concession contract.". Following also the M5s Blog has written a post in which it is defended the revocation of the concession, "if there are any conditions". Then the Minister of Infrastructures Danilo Toninelli spoke of an application from the medium-long times, which could result in the exit of Autostrade per l'Italia from the management of the motorway network, but also a confirmation of the company of the Atlantia group, "IThe ministry that I preside is immediately in action to establish the causes of the drama that took place in Genoa. We have set up an inspection commission of experts who will shed light on what has happened and are already operational. The outcome of their work, which must arrive within a month, will enter the procedure for a possible revocation of the concession to Autostrade". The ministry asks for the bridge to be rebuilt by the concessionaire, before the magistracy is expressed. The governor of Liguria Giovanni Toti wants the new bridge within the 2019. Luigi Di Maio he stayed on his positions and last night at the "On Air" program on La7 he said, "those who do not want to revoke the concessions must pass over my body". If the outcome is really this and therefore if the revocation of the concession before the deadline is decided in a month, the government could find itself having to pay an amount between 15 and 20 billion euros, according to an estimate made by Sole24ore. A billion a year to be given to Autostrade for lost revenues from the date of revocation until the natural expiry of the contract which is 2038, with extension to 2042. The forfeiture of the agreement is possible in the event of "serious breach by the concessionaire. to the obligations foreseen ". Then, should the government inspection commission initiate the procedure, the company can provide justifications and counter arguments.

Europe has also made itself heard in this regard. The European Commission has highlighted that road safety depends on the dealership. Then he responded to the controversy over blocked security resources. For Italy, 2,5 billion euros have already been allocated in EU funds for infrastructure in addition to the 8,5 billion investment plan in Autostrade in exchange for an extension of the concession from 2038 to 2042. Money that would be lost if it were to be the concession was revoked.

Lesson Learned for the Government, "before you talk, think about what you say and what you do", now governed, you are not in electoral campaign

Revocation of the Autostrade Italia concession, absolutely, indeed not, perhaps, boh…. Disoriented government