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2 clusters · 8 sources · 18 days · First seen · Last updated

Genoa public transport financial crisis

Overview

The public transport provider in Genoa, Amt, is facing a severe financial crisis. The Usb labor union has criticized local administrations for failing to prevent the accumulation of over 60 million euros in unpaid compensation for kilometers traveled between 2020 and 2025. The union also cited logistical issues, such as the closure of the Uscio depot and the relocation of the Bolzaneto depot, which they claim have increased fuel costs and service risks.

In response to the crisis, which included a reported loss of 56 million euros in 2024, Genoa Vice Mayor Alessandro Terrile announced a restructuring plan to prevent bankruptcy. This plan involves public contributions from the Municipality and the Region, with the goal of reducing losses to 26.4 million euros in 2025. The administration is using a negotiated procedure to ensure business continuity and intends to improve service integration with Trenitalia through unified schedules, tariffs, and revenue-sharing mechanisms.

Entities

AMT · USB · Alessandro Terrile · Trenitalia · Genova

Timeline

  1. 1 day ago

    [BUSINESS] 2 sources
    Amt aims to avoid bankruptcy through restructuring in Genoa

    Genoa officials have launched a restructuring plan for public transport company Amt to avoid bankruptcy following significant financial losses.

  2. 19 days ago

    [BUSINESS] 6 sources
    Amt public transport faces rising costs and union criticism

    The Usb union is criticizing local mayors for failing to prevent rising costs and unpaid compensations at Amt, Genoa's public transport provider, calling for service optimization and new hiring.

Sources

askanews.it · avm.avmspa.it · fcinternews.it · ilcrotonese.it · levantenews.it · qds.it · travelquotidiano.com · vogheranews.it