Can Italian infrastructure reboot post-coronavirus economy?

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 66%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

ROME: A sleek new bridge in Genoa built in record time is being acclaimed in Italy as a model for rebuilding the economy by investing in major ...

While its ancient Roman cement structures still stood, it discovered that modern versions had much shorter life-spans.Most of Italy's 6,500km of motorway are managed by private companies, which must ensure their bridges are safe.

The new Genoa bridge replaces a viaduct that collapsed in August 2018, killing 43 people AFP/Marco BERTORELLOThe latest bridge to crumble in Italy, managed by state-owned ANAS, fell last month into a river between Liguria and Tuscany. It would have been heavily used at the time, had it not been for the virus lockdown.

Since the shutdown, Conte has unveiled stimulus packages worth €750 billion . He has also, however, had to apologise several times for long delays in payments. Around 43 per cent of them are in areas classified as high-risk for earthquakes. More than 70 per cent do not have fire safety certificates. Stories regularly hit the news about pupils evacuated over crumbling classroom ceilings.

Financial experts caution however that some of those funds may be withdrawn and channelled to projects considered more essential due to the crisis, or with immediate prospects of a payoff.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Greece sees tentative July tourism reboot as economy reopens after coronavirus lockdownATHENS (AFP) - Greece's prime minister on Monday (May 4) said the country's vital tourist season could conditionally kick off in July as coronavirus lockdown restrictions begin to ease for the first time in six weeks.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Majority of people prioritise coronavirus health fears over concern for economy: Global surveyLONDON (REUTERS) - A substantial majority of people around the world want their governments to prioritise saving lives over moves to restart economies being hammered by measures aimed at halting the spread of the new coronavirus, a global survey found.. Read more at straitstimes.com. Try a new survey: What do people with at least a 9 figure net worth prioritize? Well you cannot enjoy the fruits of a good economy if you're dead so yeah. Health is important but economy is equally important too. Without businesses functioning, there will be no jobs for the people and that will mean no income to pay off loans and living expenses. Depending on savings to pay them off will sooner or later deplete completely.
Source: The Straits Times - 🏆 8. / 63 Read more »

Indonesia Q1 GDP growth slumps to weakest since 2001JAKARTA: Indonesia's economy grew at its weakest pace since 2001 in the first quarter, slower than expected, as the coronavirus pandemic halted ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »