Autostrade will rebuild Genoa bridge with USD 572 mn investment

On Tuesday, a 200-meter section of the Morandi viaduct gave way in busy lunchtime traffic, killing at least 38 people and severing the city's mainland link with southern France.

Italian toll-road operator Autostrade per l'Italia, which managed a bridge that collapsed in Genoa this week, pledged on Saturday to rebuild the viaduct.

On Tuesday, a 200-meter section of the Morandi viaduct gave way in busy lunchtime traffic, killing at least 38 people and severing the city's mainland link with southern France.

Autostrade Chief Executive Giovanni Castellucci, holding the firm's first news conference since the disaster, said a new bridge would be built using funds from the roughly 500 million euros ($572 million) it had set aside for disaster recovery.

Chairman Fabio Cerchiai also told the news conference that Castellucci would remain in his position. A government minister had called on Autostrade top managers to quit over the collapse.

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