Italy's Port Infrastructure

Italy will invest $8.9 US billion euros to modernize its ports as part of its strategy to kickstart its economy heavily impacted by the Covid pandemic. On April 23, the Italian Government approved 221.5 billion euros ($266 billion US) in stimulus in its National Plan for Recovery and Resilience (PNRR), drawing mostly from the European Union’s “Recovery Fund” program of grants and loans.

As part of this plan, Italy will invest 4.8 billion euros ($5.8 billion US) on ports infrastructure and modernization by 2026. Much of this spending is earmarked to increase the size of the ships that Italy’s main container ports can handle through dredging, new breakwaters, and improved connections to road and rail links. Other funds will be spent on measures to make ports more ecologically sustainable or more efficient and secure through digitalization. U.S. companies with innovative solutions in these sectors may benefit from increased public spending.

These funds come on top of the projects already planned by the Ports of Genoa, Italy’s busiest container ports, which is on track to award 2.6 billion euros (about $3.1 billion US) in major tenders in 2021 alone.

U.S. Commercial Service Italy, at the U.S. Consulate General in Milan, has organized a free webinar: “Doing Business with Italian Ports of Genoa  on May 4, 2021 at 10:00 am (EST). The webinar will cover the current status of the ports market, key target sectors, upcoming tenders, and developing trends.

Upcoming tenders in Genoa’s ports include three major infrastructure projects:

• The New Port Breakwater
• Dredging in the Port of Genoa
• Sestri Ponente Shipyard Expansion

Registration for the webinar is required. Please click HERE to register and we will send you a link to connect through MS Teams.

For further information, please contact: Joshua Lawrence - American Consulate General, Milan
Phone +39 02 626 88 522
Joshua.Lawrence@trade.gov