The Mose is likely to retire already. That’s right, the work inaugurated after decades of work in the presence of the then Prime Minister Giuseppe Conte. Indeed, to be honest, the work is not even completely completed even if last autumn the Mose successfully entered into operation on two occasions to defend Venice from high water. Now, however, it could all be sensationally over.
280 million euros of debts for the Consortium that built the Mose
So far six billions have been spent to build the Mose, but the Venezia Nuova Consortium has in the meantime accumulated 280 million in debts, of which 120 million in debts to the Triveneto Public Works Authority. According to what La Stampa writes, “companies are not willing to work if the previous debts are not paid first, which amount to approximately 280 million euros, 120 of which refer to credits from the Superintendency for Public Works of the Triveneto, the others to companies “.
After the negotiations with the government have failed, the companies no longer want to work
The government’s attempt did not work, which with the liquidator had tried “the way of article 182 bis of the bankruptcy law for debt restructuring to solve the problems of the Venezia Nuova Consortium, because it was not accepted by some of the companies, which rejected the proposal to reimburse 70 percent of the debt for member companies and 80 percent of non-member companies “, writes La Stampa. “Complaining that they have never been summoned by the liquidator before to open a negotiation”.