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Italy Panel Backs Revoking Autostrade Highway Concession

Emergency personnel search through debris from the collapsed Morandi motorway bridge in Genoa, Italy, on Tuesday, Aug. 14, 2018.

Emergency personnel search through debris from the collapsed Morandi motorway bridge in Genoa, Italy, on Tuesday, Aug. 14, 2018.

Photographer: Federico Bernini/Bloomberg
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Italy’s government took a preliminary step toward the possible unilateral revocation of a motorway concession held by Autostrade per l’Italia SpA after the deadly collapse of a bridge in Genoa last August.

A committee of the Italian Transport Ministry, in an advisory opinion, concluded that the company, controlled by the Benetton family’s industrial arm Atlantia SpA, was in “non-fulfillment of custody and maintenance obligations” and that “these defaults have the character of gravity,” according to a document viewed by Bloomberg News.