Brenner Base Tunnel ? Innovative Instruments for Financing to the Investment



Brenner Base Tunnel ? Innovative Instruments for Financing to the Investment

Authors

A Milotti, Gruppo CLAS, ES; C Vaghi, CERTeT, ES

Description

The aim of the paper is to survey and to verify with analytical assessment the effectiveness of some of the practical methods being outlined at the present time in Italy to integrate the public contribution to Brenner Base Tunnel project.

Abstract

Brenner Base Tunnel is the actual key bottleneck in TEN European Priority Project n. 1, between Berlin and Palermo. The tunnel is considered one of the most important project for exploiting an efficient and sustainable transport across the Alps through railway. This project section is at the moment dealing with the slight phase of approaching the finalization of the project and the start of works.
Actual Italian public budget constraints and the simultaneous need of equipping the Country with modern transport infrastructures, induce Public Administration to research innovative instruments methods, both public and private, in order to contribute to the investment.
The aim of the paper is to survey and to verify with analytical assessment the effectiveness of some of the practical methods being outlined at the present time in Italy to integrate the public contribution to the project:
- the exploitation of a specific fund that Brennero Motorway (Autobrennero) put aside since 1997 according to a specific Italian law (Law n. 449/1997); this fund amounts at the moment more than 300 million euros;
- the amount deriving from the application of a specific clause to the public tender for the new concessionaire of A22 Motorway from 2014; under specific agreements the tender could contain some clause that let the Italian Government to achieve funds from the new concessionaire;
- the application of ?Eurovignette? Directive as a form of cross modal funding: a form of toll, introduced by an UE directive and charged to the road freight transports; the application of the European Directive is assessed under different hypothesis of applied toll percentage or road traffic.
This paper will present a precise assessment of a financial plan of the Brenner Tunnel project with the application of these available financial sources under some concrete hypothesis. This empirical analysis has the aim of inquiring how concretely these sources can be implemented in order to highlight straightness and weakness, also in a perspective of formalize these models for repeating them in other European or Italian contexts.

Publisher

Association for European Transport