Atlantia News

Atlantia CEO Resigns 13 Months After Fatal Genoa Bridge Collapse

Atlantia SpA Chief Executive Officer Giovanni Castellucci resigned as leader of the Benetton family infrastructure unit, 13 months after a fatal bridge collapse in Genoa sparked an investigation into maintenance practices. Castellucci, who spearheaded Atlantia’s transformation into the world’s biggest …

Probe into Deadly Genoa Bridge Collapse Reveals Falsified Safety Reports: Police

The long-standing head of Italian infrastructure group Atlantia is ready to step down as a probe into a deadly bridge collapse snowballs, prompting its top shareholder, the Benetton family, to pull support, sources said on Monday. Giovanni Castellucci, who masterminded …

Italy’s Atlantia Sets Aside $400M to Rebuild Genoa Bridge; Reveals Insurer Dispute

Italian infrastructure group Atlantia has set aside 350 million euros ($400 million) to cover the estimated cost of rebuilding the Genoa bridge which collapsed in August and compensating the families of those killed. The viaduct disaster claimed 43 lives, sparking …

Italian Freight Forwarders Eye Lawsuit After Deadly Genoa Bridge Collapse: Reuters

Italian freight forwarders who say their business has been affected by a deadly bridge collapse in Genoa are taking legal advice and considering whether to sue toll-road operator Atlantia if the group is found responsible. The government has blamed an …

Genoa Bridge Was Crumbling onto Homes Below for Many Years Before Disaster

People living under the Italian bridge that collapsed last week with the loss of 43 lives had known for years it was crumbling: pieces kept falling on their homes and cars. A month earlier, residents met officials in charge of …

Operator of Genoa Bridge Says New Steel Bridge Can Be Built in 8 Months

The board of the private company that controls the bridge that collapsed in Genoa approved on Tuesday an initial 500 million euros ($576 million) in funding to help victims and finance a new steel bridge that it says can be …

Engineers Determined Genoa Bridge’s Strength Had Reduced by 20%: Report

Engineering experts determined in February that corrosion of the metal cables supporting the Genoa highway bridge had reduced the bridge’s strength by 20 percent – a finding that came months before it collapsed last week, Italian media reported Monday. Despite …

Genoa Bridge’s ‘Unusual’ Design Investigated as Possible Contributor to Collapse

The bridge that collapsed in the Italian port city of Genoa was considered a feat of engineering innovation when it was built five decades ago, but it came to require constant maintenance over the years. Its design is now being …

Benetton Family’s Wealth Drops by $2B After Genoa Bridge Disaster

Fallout from the Genoa bridge disaster has erased about $2 billion of net worth from one of Italy’s richest families. The billionaire Benettons control 30.25 percent of Atlantia SpA, the construction company and toll-road owner that operated the Morandi Bridge …

Engineering Study Last Year Warned Operator About Stability of Genoa Bridge: Reports

An engineering study commissioned by Italian highway operator Autostrade last year warned about the state of the concrete-encased cable stays that held up a bridge that collapsed this week in Genoa, two Italian newspapers reported on Friday. Autostrade per l’Italia, …