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27 November 2020 The on-line newspaper devoted to the world of transports 19:13 GMT+1

August 11, 2020

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Cash Deposits and Loans will assist the AdSP of the Sea Southern Adriatic in the development of the ports of Bari and Brindisi

It will provide technical-administrative support for strategic initiatives for port areas and City

Deposits and Loans (CDP) and System Authority Port of the South Adriatic Sea have signed a protocol agreement to strengthen their cooperation to foster and promote accelerate the construction of area development infrastructure Port. This is the first agreement with a port authority signed by CDP after the Memorandum of Understanding signed last year June by the company controlled by the Ministry of Economy finances with the Association of Italian Ports (Assoporti) ( 9 June 2020).

The agreement with the AdSP of the South Adriatic provides that CDP provide the port authority with advisory activities technical-administrative for the design, execution and development of the Public Private Partnership infrastructure of different strategic areas in the ports of Bari and Brindisi. Specifically, the projects included in the agreement for the port of Bari: the redevelopment of the pier San Cataldo, the development of the tourist landing and that of the port/city. For the port of Brindisi, the collaboration between CDP and AdSP will focus on the development of the white Cape (formerly British Gas) in order to make it attractiveness to the establishment of a terminal operator international importance.

Cash Deposits and Loans will support the Authority Port System in all phases leading up to the realization of these strategic works for ports and cities where they are located, from programming to execution, passing design and reliance on the work. In addition, CDP will evaluate any funding requests by the AdSP identifying the best weather conditions and providing the support you need to help completion of related financing operations.

"Having Deposits and Loans as a partner, one of the pillars of the Italian economy - underlined the President Adriatic Sea Port System Authority Southern, Ugo Patroni Griffi - confers on our action strategic infrastructure of the ports of Bari and Brindisi significant economic-financial strength. CDP there will provide technical and administrative support in a number of interventions that we have planned to make our ports more functional, operational and competitive."

"With the signing of this first agreement with an Authority Port - commented the CEO of CDP, Fabrizio Palermo - Deposits and Loans Fund strengthens its role in the support the country's infrastructure renewal. Cdp Will assist the Port Authority of the South Adriatic Sea in the making of new works ports of Bari and Brindisi, with the aim of enhance and retrain the areas involved also with a view to further promote tourism and commercial development. A first commitment to the growth of the national port system that, strategic importance of ports and logistics, will also have positive effects on other major sectors Italian economy, and the recovery.'

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