(Finance) – “I would like to remind you that the annex to the Def 2023 has already provided an estimate of the overall cost for the construction of the stable connection on the Strait of Messina of 13.5 billion euros. This amount concerns the overall value of the project as well as result from the economic framework and therefore does not refer exclusively to the contract with the general contractor and the other contractors. The same document indicated the forecast of a further 1.1 billion euros for complementary and optimization works railway connections. The growth in the value of the investment from 8.5 billion in 2011 to 13.5 billion in 2023 is due to the increase in energy and construction materials prices recorded in recent years affected all infrastructure projects”. The undersecretary of MIT Tullio Ferrante said this – writes the Energia Oltre agency – in the Environment Committee of the Chamber.
ON PENALTIES REACTIVATED RELATIONSHIPS WITH EUROLINK. THE ORIGINAL CONTRACT WILL RESUME ITS EFFECTS ONLY WITH THE SIGNATURE OF AN ADDITIONAL DEED WITH THE WAIVER OF THE LITIGATION
“With regards to the limit of 50% of the cost, it is underlined that the additional documents to the lapsed contracts will be defined in compliance with Directive 24 of 2014 as expressly referred to both in Article 2 paragraph 8 bis and in Article 4 paragraph 5 of the decree law 35 of 31 March 2023 – continued the undersecretary -. As regards the aspects related to penalties, I specify that the Stretto di Messina company has reactivated relations with the general contractor Eurolink as provided for by the aforementioned law decree 35 through the stipulation of a preliminary deed to the resumption of activities rendered free of charge, it will resume its effects only with the stipulation of a supplementary deed with the waiver of the dispute and with the approval of the final project by the Cipess. In case of failure to approve the project by the Cipess, no penalty will therefore be charged as the contract will not have regained effectiveness. However, in the case of a positive evaluation by Cipess, the regulation of penalties will be contained in the contract that will be stipulated with the general contractor in line with the reference regulatory framework”, said Ferrante.
THE CHANGE IN THE NET CAPITAL OF ANAS AFFECTED BY A WRITE-DOWN OF THE INVESTMENTS EQUAL TO 69.80 MILLION EUROS WHICH WAS NECESSARY TO ALIGN THE VALUE OF THE INVESTMENT OF THE STRITO DI MESSINA COMPANY
“The financial statements relating to the year 2023 of the Anas company closed with a loss of 162.7 million euros. This result is influenced by aspects linked both to ordinary management and to factors of an extraordinary nature. The impact of the write-downs and the loss in value of 11.93 million euros is mainly attributable to the devaluation of receivables included in current assets amounting to 8.090 million euros balance sheet, the net capital at 31/12 2023 presents a balance of Euro 2 billion 99.38 million Euros with a reduction of 7% on an annual basis and is influenced by a devaluation of investments equal to 69.80 million euros which was necessary to align the value of the shareholding of the Stretto di Messina company with the latest accounting estimate made based on the regulatory provisions which affected the aforementioned company” said the undersecretary answering another question. “In particular, I reiterate that the devaluation took into account the new corporate structure of the company as redefined by law decree 35 of 2023 and was determined on the basis of the estimate report referred to in article 2 paragraph 3 of the aforementioned law decree number 35. I highlight that this devaluation produces effects for financial purposes and is not reflected in any way on the operating result. In fact, as regards operational management, there is a progressive increase in expenditure for investments and for services”, continued Ferrante.
THE NATURE OF SPECIAL OR EXCLUSIVE RIGHTS AFFIRMED ON THE BASIS OF THE PROGRAM AGREEMENT
“For the profiles concerning the management of Anas’ concession relationship, it is highlighted that already in previous governments, regulatory provisions have been issued aimed at ascertaining the public nature of the operational activity carried out by Anas. In particular with Legislative Decree 121 of 10 September 2021 the nature of special or exclusive rights carried out on the basis of the planning contract and whose object concerns the management of non-toll roads has been affirmed. At the same time, the same rule has imposed specific constraints which reinforce the public nature of the activity carried out. This reference framework has been fully implemented in the Anas 21-25 program contract approved by the CIPE with a resolution of 21 March. Compliance with the legal provisions will proceed with the formalization of the program contract to the preparation of the Mit-Anas agreement in accordance with the changed operational context”, concluded Ferrante.