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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. 1 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: 1 Brussels, 11 october 2005 Methodological framework (2/2) 1 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 1 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. 1 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 1 Brussels, 11 october 2005 making a total of 1,500 hectares