Southern Tyrrhenian and Ionian Sea port authority approves 2027 budget

The Management Committee of the Southern Tyrrhenian and Ionian Sea Port System Authority has adopted the 2027 Budget forecast and the 2027-2029 Three-Year Public Works Programme, outlining a significant investment programme across the system’s five Calabrian ports.

The 2027 budget shows revenues of approximately EUR 24 million and estimated expenditures of approximately EUR 88 million, with capital expenditures of EUR 70 million in addition to EUR 70 million already included in the current financial year, bringing the combined total to EUR 140 million.

The operating deficit of approximately EUR 64 million is fully covered by an estimated operating surplus exceeding EUR 137 million.

The most significant single investment in the Three-Year Programme is the completion of the cold ironing system at the Port of Gioia Tauro through the implementation of an already contracted Framework Agreement, representing a further EUR 30 million investment.

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