Genoa Bridge Collapse Throws Harsh Light on Benettons’ Highway Billions
The New York Times » Long before the Morandi Bridge collapsed in Genoa, Italy, last year, killing 43 people, an economics professor named Marco Ponti took aim at the private company that managed the structure, raising two fundamental concerns. One was money. Mr. Ponti argued that Autostrade per l’Italia, or Highways for Italy, which managed the bridge and more than half of Italy’s 4,000 miles of toll roads, made “abnormal” profits. The other was the lopsided power balance between Autostrade and the Italian government. Mr. Ponti, who served on an expert panel advising the government, said ministries did too little to regulate the company. Taxpayers were being shorn “like flocks of sheep,” Mr. Ponti said in a newspaper interview in 2003.
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