© Luigi Angelica

Port Network Authority bets on its freight village

Vespucci, capital increase ok

by Port News Editorial Staff

Now it’s official, the Northern Tyrrhenian Port Network Authority has strengthened its presence in the Vespucci freight village, by agreeing to a capital increase of 6.6 million euros.

With the acquisition of 30.28% of the shares, the Authority that manages the ports of Livorno and Piombino becomes the key shareholder for the Vespucci Company.

As the Company announced in a press note a short while ago, the new agreement with the banks -effective from today – provides for a divestment plan with which the previous debt, already reduced by 50%, will be paid back in full by 2025.

The capital increase and the new agreement are founded on Vespucci’s new business plan, which envisages major investments of 12 million euros in the logistics, energy and intermodal sectors.

The company confirms its commitment to implementing the development plans in the Industrial Plan that envisage Vespucci freight village as the strategic facility for the growth of the logistic and port system in the Livorno area.

Commitments already underway include the construction of a new plant for the storage of frozen goods to complete the “cold” supply chain and the forthcoming construction of a large Truck Village to serve the road haulage world with annexed services and a new energy production plant; investments that that have just recently seen the allocation of an important contribution of over 3 million euros by the Ministry for Infrastructure & Transport.

Translation by Giles Foster

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