Berliner Boersenzeitung - Italy approves plans for world's longest suspension bridge

EUR -
AED 4.314099
AFN 76.936429
ALL 96.605599
AMD 448.400944
ANG 2.102883
AOA 1077.044807
ARS 1691.556453
AUD 1.764619
AWG 2.114155
AZN 2.001365
BAM 1.959379
BBD 2.366212
BDT 143.572249
BGN 1.956545
BHD 0.440843
BIF 3482.482632
BMD 1.17453
BND 1.517265
BOB 8.117793
BRL 6.365607
BSD 1.174841
BTN 106.244614
BWP 15.566367
BYN 3.463412
BYR 23020.795811
BZD 2.362806
CAD 1.618562
CDF 2630.948518
CHF 0.934916
CLF 0.027253
CLP 1069.11676
CNY 8.28573
CNH 8.284609
COP 4467.326371
CRC 587.670939
CUC 1.17453
CUP 31.125056
CVE 110.728901
CZK 24.276491
DJF 208.738004
DKK 7.472132
DOP 74.994227
DZD 152.329593
EGP 55.571073
ERN 17.617956
ETB 182.316528
FJD 2.660605
FKP 0.879936
GBP 0.878351
GEL 3.175767
GGP 0.879936
GHS 13.489529
GIP 0.879936
GMD 85.741137
GNF 10207.844111
GTQ 8.998437
GYD 245.78791
HKD 9.137671
HNL 30.777205
HRK 7.537789
HTG 153.990624
HUF 385.234681
IDR 19536.845016
ILS 3.785271
IMP 0.879936
INR 106.356551
IQD 1538.634822
IRR 49474.161194
ISK 148.465122
JEP 0.879936
JMD 188.10359
JOD 0.832789
JPY 182.940203
KES 151.401433
KGS 102.713135
KHR 4705.169188
KMF 492.719958
KPW 1057.060817
KRW 1732.409297
KWD 0.360233
KYD 0.979084
KZT 612.71658
LAK 25463.81945
LBP 105179.197597
LKR 363.02155
LRD 207.92129
LSL 19.826521
LTL 3.468083
LVL 0.710462
LYD 6.366402
MAD 10.795403
MDL 19.860192
MGA 5297.132504
MKD 61.543973
MMK 2466.385496
MNT 4167.553805
MOP 9.420668
MRU 46.676283
MUR 53.915339
MVR 18.092159
MWK 2039.576425
MXN 21.158465
MYR 4.812408
MZN 75.064681
NAD 19.826516
NGN 1706.088063
NIO 43.193401
NOK 11.906572
NPR 169.991784
NZD 2.023657
OMR 0.449616
PAB 1.174841
PEN 4.232665
PGK 5.002564
PHP 69.43241
PKR 329.132826
PLN 4.225315
PYG 7891.414466
QAR 4.276587
RON 5.092651
RSD 117.424033
RUB 93.579038
RWF 1704.243608
SAR 4.407202
SBD 9.603843
SCR 17.568707
SDG 706.484352
SEK 10.887784
SGD 1.517538
SHP 0.881202
SLE 28.335591
SLL 24629.319496
SOS 671.248424
SRD 45.275842
STD 24310.407882
STN 24.958771
SVC 10.279733
SYP 12986.886804
SZL 19.826507
THB 37.021631
TJS 10.796675
TMT 4.122602
TND 3.424975
TOP 2.827988
TRY 50.147872
TTD 7.972529
TWD 36.804032
TZS 2901.090478
UAH 49.639761
UGX 4175.627205
USD 1.17453
UYU 46.104017
UZS 14097.305357
VES 314.116117
VND 30897.196663
VUV 142.580188
WST 3.259869
XAF 657.154562
XAG 0.018954
XAU 0.000273
XCD 3.174228
XCG 2.117359
XDR 0.816516
XOF 655.388352
XPF 119.331742
YER 280.129715
ZAR 19.820676
ZMK 10572.187233
ZMW 27.109403
ZWL 378.198309
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.0000

    81.17

    0%

  • RIO

    -1.0800

    75.66

    -1.43%

  • CMSD

    -0.1500

    23.25

    -0.65%

  • BCC

    0.2500

    76.51

    +0.33%

  • CMSC

    -0.1300

    23.3

    -0.56%

  • NGG

    0.2400

    74.93

    +0.32%

  • JRI

    -0.0200

    13.7

    -0.15%

  • BCE

    0.3100

    23.71

    +1.31%

  • RELX

    0.1000

    40.38

    +0.25%

  • RYCEF

    -0.2500

    14.6

    -1.71%

  • GSK

    -0.0700

    48.81

    -0.14%

  • AZN

    -0.4600

    89.83

    -0.51%

  • VOD

    0.0500

    12.59

    +0.4%

  • BP

    -0.2700

    35.26

    -0.77%

  • BTI

    -1.2700

    57.1

    -2.22%

Italy approves plans for world's longest suspension bridge
Italy approves plans for world's longest suspension bridge / Photo: Andreas SOLARO - AFP/File

Italy approves plans for world's longest suspension bridge

Italy's government on Wednesday approved a controversial 13.5-billion-euro ($15.6-billion) project to build what would be the world's longest suspension bridge connecting the island of Sicily to the mainland.

Text size:

Prime Minister Giorgia Meloni's coalition hailed the state-funded project as an economic boost for the impoverished south of Italy -- only for critics to warn that it risks turning into a financial black hole.

Italian politicians have for decades debated a bridge over the Strait of Messina, a narrow strip of water between the island of Sicily and the region of Calabria, at the toe of Italy's boot.

But ministers say Wednesday's approval by a government committee, CIPESS, is the furthest the project has ever got.

Advocates say the bridge, due for completion by 2032, is at the cutting edge of engineering, able to withstand high winds and earthquakes in a region that lies across two tectonic plates.

It has been designed with two railway lines in the middle and three lanes of traffic on either side, with a suspended span of 3.3 kilometres (2.05 miles) -- a world record -- stretching between two 400-metre (1,300 feet) high towers.

Deputy Prime Minister Matteo Salvini, who is also responsible for transport and infrastructure, told reporters work could begin as soon as September or October.

He said the bridge and the associated new roads, railways and stations would act as a "development accelerator" for impoverished Sicily and Calabria, boosting economic growth and creating tens of thousands of jobs, many of them skilled.

Yet the project has sparked local protests over the environmental impact and the cost, with critics saying the money could be better spent elsewhere.

Nicola Fratoianni, an MP of the Greens and Left Alliance, slammed a "mega-project that will divert a huge amount of public resources" and "risks turning into a gigantic black hole".

The Italian Court of Auditors has criticised the extent of debt-laden state's investment in this one project in its assessment of the 2024 budget.

The centre-left Democratic Party warned that the project "tramples environmental, safety and European norms -- and common sense".

The public prosecutor of Messina also recently warned of the risk that organised crime would benefit from the project. Salvini on Wednesday insisted the government would do everything to prevent mafia infiltration.

- NATO spending -

The longest suspended bridge in the world is currently the 1915 Canakkale Bridge in Turkey, which has a main span of 2,023 kilometres (1,257 miles) between its towers and opened in 2022.

Many believe that Italy's ambitious project will never actually materialise, pointing to a long history of public works announced, financed, yet never completed in Italy.

The project has had several false starts, with the first plans drawn up more than 50 years ago.

Eurolink, a consortium led by Italian group Webuild, won the tender in 2006 only for the government to cancel it after the eurozone debt crisis.

The consortium remains the contractor on the revived project.

This time, Rome may have an added incentive to press ahead -- by classifying the cost of the bridge as defence spending.

Italy has agreed along with other NATO allies to massively increase its defence expenditure to five percent of GDP, at the demand of US President Donald Trump.

Of this, 1.5 percent can be spent on "defence-related" areas such as cybersecurity and infrastructure -- and Rome is hoping the Messina bridge will qualify, particularly as Sicily hosts a NATO base.

Currently the only way to cross the Messina Strait is by ferry, taking at least an hour by car and two on the train -- where individual carriages are loaded onto the ferry -- but the bridge aims to cut journey times to 10 and 15 minutes, respectively.

Meloni insisted Wednesday it was a "demonstration of Italy's willpower and technical expertise" that would "form the backbone of a faster and more modern nation".

(K.Lüdke--BBZ)