Presentation made by Gabriele Pasquini, Presidency of the Council of Ministers, Italy, at the Symposium on Governance of Infrastructure held at the OECD, Paris, on 29 February 2016
Finance strategies for adaptation. Presentation for CANCC
The Italian Infrastructure Framework - Gabriele Pasquini, Italy
1. 1
The Italian Infrastructure Framework
The Role of the Interministerial Committee for Economic Planning and Infrastructure Development Strategies
Symposium on Governance of Infrastructure
29th February 2016, OECD Conference Centre, Paris
Gabriele Pasquini
Head of Secretariat - Public Infrastructure Regulation Unit
Presidency of the Council of Ministers - Department for Planning and Coordination of Economic Policy
2. 2
110
The Role of the Interministerial Committee for Economic Planning
14
10
The Interministerial Committee for Economic Planning (“CIPE”) is a collective
governmental body headed by the President of the Council of Ministers and composed by
Ministers with relevant expertise in matters of economic growth.
The Committee is a political decision-making institution in many relevant economic and
financial issues with a function of coordination in the planning of the economic policy to
be followed at national and international level.
It overall examines the general socio-economic status with a view to adopt cyclical
measures, allocate financial resources to development programmes and projects and
approve the Country’s principal public investment plans.
3. 3
Relevant Ministries
Presidency of the Council of Ministers – Deparment for
Planning and Coordination of Economic Policy
CIPE Other Ministries
Government
Relevant Ministries
Stakeholders
Relevant Ministries
PROPOSAL
ASSESSMENT
DECISION
IMPLEMENTATION
MONITORING
LEGEND
mandatory flow
optional flow
CIPE: Interministerial Committee for Economic Planning
NARS: Public Infrastructure Regolation Unit
Large Infrastructure projects: The Decision-Making Process
4. 4
Large Infrastructure Projects Regulated by Ministries
Sectors Relevant Ministries
Motorways
Infrastructures and Transport
Economy and Finance
Airports
Infrastructures and Transport
Economy and Finance
Railways1
Infrastructures and Transport
Economy and Finance
Port Facilities
Infrastructures and Transport
Economy and Finance
1 Except for regional and local services;
5. 5
Governmental advisory body specialized in tariff issues, “NARS” typically facilitates CIPE’s
decision-making process…but may also be activated by a single Minister.
The Public Infrastructure Regulation Unit “NARS” produces opinions and recommendations,
especially on long term contracts and tariffs regarding public utilities.
The Role of the Public Infrastructure Regulation Unit
6. 6
Infrastructure Projects and Fiscal Incentives
Corporate Tax – Regional Tax
on Productive Activities
Motorway concessions
only
The public grant for SPVs can be reduced and/or cancelled through a fiscal compensation mechanism
PUBLIC CONTRIBUTION
CONCESSION FEEVALUE-ADDED
TAX
BUSINESS PLAN OF
PPP CONTRACT OR
CONCESSION
≤
50% TOTAL
INVESTMENT
Compensation with
7. 7
Large Infrastructure Projects and Private Capitals: which strategies?
In 2015:
25 Priority Infrastructure Projects - About 71 Billion
EUR
Selected on the basis of:
the consistency with the integration with
European networks
the status of project progress
the prevailing possibility of private capital
Since 1st January 2016:
Concentration of expertise on PPPs within the Presidency of the
Council of Ministers
Central role for the Department for Planning and Coordination
of Economic Policy in the PPP Framework
Educational Role
Assistance Role
“Policy Making” Role
In 2016:
Legislative Framework Simplification
Transposition of EU Directives into the Public
Contracts Code