The European Union will co-finance with over €700,000 from the TEN-T Program a study to assess the possibilities of using a Public-Private Partnership (PPP) scheme to finance the development of terminals and transfer systems at the Port of Venice, Italy.
The project, which was selected for funding under the 2011 TEN-T Annual Call, concerns the realisation of a series of studies aimed at evaluating the possibility of using a PPP procedure for the design, construction, financing, operation and/or maintenance of an offshore terminal, onshore terminal and waterways transfer system at the Port of Venice.
In particular the studies will assess which PPP model would be most suited for the project and confirm the legal feasibility, financial viability and bankability of the project. The EU funding will also support the Venice Port Authority in conducting a cost-benefit analysis and technical studies as part of the project.
The project will be managed by the Trans-European Transport Network Executive Agency and is set to be completed by March 2014.