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On development, first measures from Passera: unblock power plants, reorganization of incentives and minibonds

The minister will bring a first package of development measures to the next meeting of the CDM - Here are the main ones: green light for the construction of energy plants, reorganization of incentives and minibonds - In all, two or three decrees should be passed within a month, when the resources collected with the spending review will be sufficient.

On development, first measures from Passera: unblock power plants, reorganization of incentives and minibonds

During the next Council of Ministers, Wednesday or Friday, Minister Corrado Passera will put on the table a mini-decree for development, the remainder of the maxi-provision originally conceived. Just a few measures, to start with: minibonds, green light for the construction of energy plants and reorganization of incentives. Other initiatives will come when the financial coverage will be sufficient, also thanks to the resources recovered with the spending review. In all, they should be launched two or three decrees in the space of a month

Let's see in detail what are the measures on the agenda, anticipated today by Corriere della Sera:  

ENERGY PLANT

This is undoubtedly the most controversial measure. The goal is to unlock the construction of energy infrastructure, giving the green light to private investments of over 10 billion euros. These are above all regasifiers and gas pipelines. The ministry will appeal to the Prime Minister to overcome the obstructionism of the Regions in cases where there is still no agreement, despite the fact that the administrative procedure has concluded and the environmental impact assessment has had a favorable outcome. 

REORDER OF INCENTIVES

The creation of a fund for sustainable growth of around 600 million euro is envisaged. The figure will be recovered as follows: 118 million from program contracts for depressed areas, 140 million from area contracts, 330 million from the Innovation Fund, 34,5 million from reindustrialization resources. Another billion will be activated from the revolving Fund of the Cassa Depositi e Prestiti to support businesses. Other resources could come from the 2015 Industry Fund, from subsidies for underutilized areas and from those for extraordinary intervention for the South, from funds for the mining sector and electronic commerce.

MINIBOND

These are bonds and bills that unlisted small and medium-sized enterprises will be able to issue to finance themselves. However, the SMEs concerned will have to satisfy some requirements: assistance from a sponsor, certification of the latest balance sheet and circulation of securities among qualified investors. Interest will be deductible on these securities – to which some tax exemptions typical of corporate bonds will be extended. 

JUSTICE, REFERRAL OF SISTRI AND EXTENSION OF FACILITIES SRL

Thanks to the collaboration with the Ministry of Justice, the provision also intends to speed up the judicial proceedings. The postponement of the waste traceability system (Sistri) to 31 December is also envisaged and the extension to all Srl companies of the concessions initially envisaged only for young people under 35 years of age. 

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