PORT OF TARANTO, 29 APRIL 2025 – At yesterday’s meeting, the Management Committee of the Port Network Authority of the Ionian Sea, having acknowledged the favourable opinion previously expressed by the Board of Auditors and subsequently by the members of the Sea Resource Partnership Body, unanimously approved the general account relating to the 2024 financial year.
The report shows a budget surplus of EUR 182,062,552 as of 31.12.2024 – of which EUR 160,852,741 are available for upcoming financial planning. The document was drawn up in accordance with the Authority's accounting regulations and the applicable financial provisions in force for the financial year in question – similar to those applied in 2023 – and provides an accounting overview of the results achieved in 2024.
It is worth highlighting that the management efficiency index, derived from the comparison between own current revenues and operating expenses, indicates a positive outcome in terms of the financial autonomy and administrative efficiency of both the Port of Taranto and the Port Network Authority in performing their institutional duties.
Among the most significant findings of the report is the figure for recognised revenues, amounting to EUR 72,150,747, marking a 16% increase compared to 2023. Of this total: current revenues amount to EUR 23,939,484; capital revenues amount to EUR 44,154,002. As for expenditures, these totalled EUR 109,650,918, showing a significant increase in capital expenditures (+114%) compared to 2023, broken down as follows: current expenditures: EUR 14,910,952; expenditures related to port infrastructure works: EUR 86,919,429. Alongside the financial overview of the results achieved, the Authority also presents the outcome in terms of general accounting, with the preparation of the Balance Sheet and the Income Statement, which show a net positive economic result of EUR 3,739,397. In the Balance Sheet, the “memorandum accounts” amount to EUR 424,770,873, representing the value of port infrastructure works carried out over the past decade on the port’s public domain.
The General Financial Statement will now undergo the subsequent approval process by the Ministry of Infrastructure and Transport, in agreement with the Ministry of Economy and Finance.
“With the unanimous approval of the General Financial Statement of the Authority – stated the Extraordinary Commissioner of the Port Network Authority of the Ionian Sea, Sergio Prete – proper recognition is given to the sound administrative management implemented once again this year by the Authority. This result has been made possible thanks to high levels of management efficiency which, despite the decline in traffic recorded in 2024 and the additional operational challenges faced in recent months, has enabled the Authority to achieve positive outcomes in terms of financial autonomy and administrative efficiency”.