Port of Genoa, go-ahead for agreement to release one billion in Psa investments
Understanding signed in Singapore between the president of the Port Authority and the ceo of the Pra' terminal
An agreement has been signed in Singapore that formally gives the go-ahead for an investment to upgrade the Psa terminal in Genoa Pra', worth around one billion dollars. This is a sum that the Port of Singapore Authority had been aiming to commit to the port of Genoa for more than two years, but had so far been blocked due to the judicial vicissitudes that affected the Lanterna port of call in May 2024 (with the arrest of the then governor Giovanni Toti and the entrepreneur Aldo Spinelli) and led to a series of disputes between terminal operators.
"The agreement signed between Psa and the Port Authority of Genoa and Savona - said Deputy Minister of Infrastructure and Transport Edoardo Rixi, at the end of the meeting in Singapore with Psa's top management, Roberto Ferrari, CEO of Psa Italy, and Matteo Paroli, Chairman of the Port Authority - unlocks a billion dollars of private investment on a strategic infrastructure for the country. The agreement will bring the Psa terminal in Genoa Pra' up to 3 million teu (20-foot containers) per year and envisages much smaller extensions compared to what was established in the 2001 Master Plan, rationalising spaces and works at sea". Today the terminal handles 1.5 million teu per year.
Among the key points of the agreement, Rixi added, 'there is also a reduction in environmental impacts with orderly growth. It is an agreement that strengthens our country's role as a reference logistics hub in the Mediterranean. Genoa thus becomes a replicable model for the blue economy of sustainable and industrial development'. The agreement should also lead to the result of putting an end to the dispute, mentioned above, opened by Psa Italia over the Genoa port terminal of the Spinelli group.
