Italy minister says Autostrade will not get contract to rebuild Genoa bridgeStaff Writer | September 13, 2018
Italy's Autostrade was to blame for the collapse of a bridge because of its failure to conduct maintenance, and the company will not be given the contract to rebuild it, Transport Minister Danilo Toninelli said on Tuesday.
Europe Autostrade said it had spent 5.14 billion euros
Autostrade, which runs 3000 km (2,500 miles) of toll roads across Italy, responded to Toninelli's remarks by saying it had spent more on repairs across its network than required under its concession.
The company, which is 88 percent owned by Benetton-controlled Atlantia, accounts for more than 60 percent of its parent firm's core earnings.
Toninelli said that the government was working on a decree, to be approved on Friday, that would assign the reconstruction of the bridge to a state-controlled company, probably Fincantieri, cutting off Autostrade.
"The collapse of the bridge was not due to a tragic accident, but to a lack of maintenance, which was up to Autostrade per l'Italia," he said in parliament.
In reply to Toninelli's remarks, Autostrade said it had spent 5.14 billion euros (US$5.95 billion) on the upkeep of its whole road network between 2000 and 2017. It said this was more than it was required to spend, although it did not give further details about where or when the money was spent. ■