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Bridge collapse costs Genoa companies 422 million euros

Staff Writer |
The collapse of a bridge in Genoa, which claimed 43 lives, has cost companies in the Italian city around 422 million euros ($482 million) in damages, the Genoa Chamber of Commerce said.

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The chamber's estimate was based on a survey of hundreds of companies affected after the bridge operated by a unit of Italy's Atlantia collapsed on Aug. 14.

The survey was aimed at helping firms claim relief from state disaster-aid funds, but could also be the base for future lawsuits against whoever is found responsible for the collapse.

Damages to properties, buildings, machinery and stocks were estimated at 63 million euros, while higher costs and lower profits reported by some companies due to the collapse amounted to a combined 359 million euros, the Chamber of Commerce said.

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