Italy moves closer to stripping Atlantia of road concession

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Italy’s government appeared to move closer to revoking Atlantia’s lucrative concession to operate part of the country’s motorways, with a cabinet decision expected in coming days.

Controlled by Italy’s Benetton family and in charge of the country’s biggest motorway network, Atlantia has been in the crosshairs since a concrete bridge operated by its Autostrade per l’Italia (ASPI) unit collapsed in the city of Genoa in August 2018, killing 43 people.

Adding to the group’s woes, parts of the roof to a highway tunnel managed by ASPI collapsed near Genoa this week.

Deputy Transport Minister Giancarlo Cancelleri, a member of the ruling 5-Star Movement that has led the charge against Atlantia, said in an interview on Friday that there were “no more alibis” for the company and that Rome would have to strip ASPI of its contract with the state.

Read more via Reuters

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