Cost–benefit analysis of large-scale port infrastructure: the case of the new breakwater of the Port of Genoa

Brancati, Marcello (A.A. 2025/2026) Cost–benefit analysis of large-scale port infrastructure: the case of the new breakwater of the Port of Genoa. Tesi di Laurea in Competitive strategy, Luiss Guido Carli, relatore Gabriele Galli, pp. 54. [Bachelor's Degree Thesis]

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Abstract/Index

Literature review. Cost–benefit analysis in public investment decisions. Financial vs economic analysis. The counterfactual scenario (“do-nothing”). Benefit identification. Uncertainty, sensitivity and scenarios. Regulatory and institutional framework. European guidelines on cost–benefit analysis. National regulatory framework for public infrastructure. The role of public debate in infrastructure planning. The strategic context of the port of genoa. The global evolution of container shipping. Ultra-large container vessels (ULCV’s) and port adaptation. Competitive positioning of mediterranean ports. Structural constraints of the existing breakwater. Strategic rationale for the new breakwater project. Scenario analysis. The counterfactual scenario. The project scenario. Traffic forecast assumptions. Impacts on maritime flows. Impacts on hinterland transport (rail and road). Modal shift and logistics reconfiguration. Financial analysis. Investment structure and phasing. Capital expenditure and timing. Operating and maintenance costs. Financial sustainability from the port authority’s perspective. Limitations of financial analysis in public infrastructure. Economic cost–benefit analysis. From financial to economic analysis. Conversion to shadow prices. Identification of economic costs. Identification of economic benefits. Social discount rate, time horizon and economic performance indicators. Distributional effects. Sensitivity and risk analysis. Alternative traffic growth assumptions. Exclusion of residual value. Modal split variations (rail vs road). Risk considerations and scenario robustness. Environmental and sustainability assessment. CO₂ balance and climate implications. Air quality and local environmental effects. Impacts on marine ecosystems. Visual and cultural heritage considerations. Implications for European port strategy. Long-term competitiveness of the genoa port system. Public investment decision-making.

References

Bibliografia: pp. 53-54.

Thesis Type: Bachelor's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Bachelor's Degree Programs > Bachelor's Degree Program in Business Administration, English language (L-18)
Chair: Competitive strategy
Thesis Supervisor: Galli, Gabriele
Academic Year: 2025/2026
Session: Summer
Deposited by: Alessandro Perfetti
Date Deposited: 20 Oct 2026 06:34
Last Modified: 20 Oct 2026 06:34
URI: https://tesi.luiss.it/id/eprint/46903

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