PricewaterhouseCoopers Advisory Spa has been selected to analyze the possibilities of using a Public-Private Partnership (PPP) scheme to finance the development of terminals and transfer systems at the Port of Venice, Italy.

In April 2013, Venice port authority started to seek a financial adviser to implement a PPP for the renovation of the city's port. The adviser will have to draw an economic and financial plan for a PPP designed to improve the capacity of the port and its related logistics system. The advisory contract has a length of ten months, which could be extended for a further four months. The deadline for the tender was April 22.

The European Union is co-financing the studies with over €700,000 from the TEN-T Programme.

The studies are necessary to advance the Venice port development plan consisting of the design and implementation of an offshore terminal, onshore terminal and related waterway transfer system and to prepare the ground for the tendering procedure for the design, construction, financing, operation and maintenance (or other forms of PPP) of the offshore terminal, onshore terminal and waterways transfer system.

The PPP tender itself is not expected before 2014.

Source: TED & European Commission