Tue, 20 May 08
The Sicily property market is set to benefit from a major new infrastructure project...
As reported by Overseas Property Professional (OPP) Italy's government is reportedly going ahead with previously shelved plans to construct a bridge between Sicily and the mainland.
A spokesperson for Impreglio - Italy’s largest developer commented: It will be the world's largest suspension bridge, built at an estimated cost of over €3 billion.
Speaking to OPP, Jeremy Smith of Sicilypropertyco.com added: The bridge will be of great benefit to investors in Sicily's property market, as Sicily is a very under-resourced area and the new government has pledged a lot of money to help this, with the suspension bridge being a pet project of Berlusconi's.
The north east of Sicily will benefit the most from this and the best part about the possible bridge development is that it will allow a continuous link from Rome down to the island."
"The only reservations I have, as with any public works in Italy, is championing them. It takes a lot of time here and this will be at least seven to nine years away."
Back to: News Index