European Week of Regions and Cities
Brussels
10 - 13 October 2005
Marches-Umbria road axis
and inland penetration quadrilateral
Brussels, 11 October 2005
1
Quadrilatero Marche-Umbria S.p.A.
Company shareholders
51%
49%
1
Brussels, 11 october 2005
Hampering economic growth of local firms (1/2)
1
Strengthening infrastructures
Total extension
• Strengthening infrastructures by increasing
the area's accessibility and level of mobility
generates localised economic activities that
translate into:
- increases in land value;
- reduction in corporate operating costs;
- higher overall economic and
productive growth;
1
Brussels, 11 october 2005
Hampering economic growth of local firms (2/2)
Manufacturing
concentration
Lombardia
Calabria
Accessibility
The Marches-Umbria region is amongst the top 10 Local Employment Areas in
terms of manufacturing concentration, and no less than 4 of these areas come
within the framework of the Quadrilatero project, while not even one comes within
the top fifty geographical sites in terms of accessibility.
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Brussels, 11 october 2005
Methodological framework (1/2)
• From road segments to NETWORK SYSTEM (abandoning
the micro-lot approach according to the directives of the
“Legge Obiettivo” no. 443/01, Decree no. 190/02)
• From transport-related projects to VAST AREA PLAN
• An innovative model for project financing:
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Brussels, 11 october 2005
Methodological framework (2/2)
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Brussels, 11 october 2005
V.A.P. instrument
The Vast Area Plan
• Vast Area Plan, an INSTRUMENT which schedules all projects over a 30-year period,
first identifying and then involving the parties concerned, selected through tenders
so as to achieve activities of excellence scattered throughout the leading areas.
1
Regional Plan
• Road infrastructure development
2
Economic Development Plan
• Economic benefits participate in the partial financing of the work
The PAV provides measures towards funding the work for a total of about
460 M€, that is, just under 20% of the total cost of the new roads.
1
Brussels, 11 october 2005
Monetizing future economic benefits
• Assessment of future economic benefits is based on value capture
techniques, through:
•
Increase in property tax revenues
•
Increase in the fee for joining the Chamber of Commerce
•
Revenues from urban-development charges
•
Subsidies to infrastructure development costs
•
Revenues from licenses for activities in leader areas
•
Revenues for service infrastructure transfer
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Brussels, 11 october 2005
Social-economic impact
 2,156 million euros of co-financed infrastructure building
 464 million euros of private investments in PAV
… leading to …
Short term impact
(Total)
GDP
Added
Value
Jobs
Long term
(annual)
GDP
Added
Value
Jobs
Infrastructure
4,720 M€ 1,442 M€ 71,576
14 M€
4 M€
220
PAV
1,200 M€ 380 M€
17,801
430 M€
205 M€
7,983
TOTAL 5,920
TOTAL
1,822 M€
5,920 M€
M€ 1,822
M€ 89,377
444 M€
209 M€
8,203
1
Brussels, 11 october 2005
Project Highlights
The model will generate, on the one hand, a lower disbursement of public
funds to finance building the new roads, amounting to about 460 M€ by
means of “value capture”, and on the other hand, significant economic
development for the whole territory.
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Brussels, 11 october 2005
Environmental system analysis
Estimate of compensating measures
CO2 due to increased traffic in 2040 scenario:
CO2 due to growth in industrial and service sectors
in 2040 scenario:
CO2 total to be considered for compensating works
859 t/year
10,885 t/year
11,744 t/year
Compensating
works for about 50
hectares a year
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Brussels, 11 october 2005
making a total of 1,500
hectares