ABSTRACT

Despite a level of fixed investment aligned to the European average, Italy shows an infrastructure gap of 15% to 20%, and this comes as a consequence of an inefficient expenditure (Banca d’Italia, 2012). According to the World Economic Forum (2013) the quality of Italian infrastructures is far lower than in other benchmark countries, such as Canada, France, Germany, and UK. The Italian gap is doomed to increase under the effect of the measures dictated by the European Union to reduce its level of debt. This trend has already begun with fixed investments on the gross domestic product (GDP) decreasing from 2.1% in 2010 to 1.9% in 2012, and the Italian National Auditor estimates a further drop to 1.6% by 2017 (Corte dei Conti, 2013).