chapter  15
Closing Public–Private Partnerships’ Gaps in Italy: From Legal Microsurgery to Managerial Flow
Pages 15

Despite a level of fi xed investment aligned to the European average, Italy shows an infrastructure gap of 15% to 20%, and this comes as a consequence of an ineffi cient 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 fi xed 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).