Abstract
The National Recovery and Resilience Plan (PNRR) is the document prepared by Italy to relaunch the economy after the COVID-19 pandemic and enable the country’s green and digital development. One of the many objectives of the PNRR is to ensure the sustainability of water resources and the improvement of the environmental quality of the water.
With this work, we intend to define a procedural process for the assessment of the risk of lack of economic and financial sustainability in projects relating to Mission 2 Category 4 (Protection of the territory and water resources) of the PNRR. Specifically, the probabilistic tools for economic-financial risk assessment are integrated with the As Low As Reasonably Practicable (ALARP) principle, traditionally used in high-risk sectors to estimate acceptable and tolerable levels of health and safety. The work is part of the recent stream of literature that uses the ALARP principle to evaluate the economic and financial convenience of projects in the fields of construction and civil engineering. The model is applied to a potential project, financed through funds allocated to the PNRR, aimed at the construction of a new purification plant and the expansion of the existing sewer network in a medium-sized city. The application allows you to select the best design alternative in terms of both expected return and the probability of failure.
M. Macchiaroli and L. Dolores—Contributed equally to this work.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Stati Generali della Green Economy. https://www.statigenerali.org/2016/07/il-pianeta-acqua-alla-sfida-della-green-economy/
Anwandter, L., Rubino, P.: Rischi, incertezze, e conflitti d’interesse nel settore idrico italiano: analisi e proposte di riforma. Unità di Valutazione degli Investimenti Pubblici, Roma (2006)
Mazzei, A., Peruzzi, P.: La regolazione dei servizi idrici e l’allocazione dei rischi. Associazione Nazionale Autorità ed Enti d’Ambito, 2008/4 (2008)
Maselli, G., Macchiaroli, M.: Tolerability and acceptability of the risk for projects in the civil sector. In: Bevilacqua, C., Calabrò, F., Della Spina, L. (eds.) NMP 2020. SIST, vol. 178, pp. 686–695. Springer, Cham (2021). https://doi.org/10.1007/978-3-030-48279-4_64
Macchiaroli, M., Dolores, L., Pellecchia, V., De Mare, G., Nesticò, A., Maselli, G.: Application to a player operating in Italy of an AHP model for the identification of the most advantageous technical alternatives in the management of the integrated water service. In: Gervasi, O., et al. (eds.) ICCSA 2020. LNCS, vol. 12255, pp. 146–161. Springer, Cham (2020). https://doi.org/10.1007/978-3-030-58820-5_11
Macchiaroli, M., Pellecchia, V., D’Alpaos, C.: Urban water management in Italy: an innovative model for the selection of water service infrastructures. WSEAS Trans. Environ. Dev. 15, 463–477 (2019)
Council of Ministers of the Italian Republic: Piano Nazionale di Ripresa e Resilienza (2021)
Nesticò, A., Macchiaroli, M., Maselli, G.: An innovative risk assessment approach in projects for the enhancement of small towns. Valori e Valutazioni 2020(25), 91–98 (2020)
Benintendi, R., De Mare, G.: Upgrade the ALARP model as a holistic approach to project risk and decision management. Hydrocarb. Process. 9, 75–82 (2017)
Burja, C.A., Burja, V.: The risk analysis for investments projects decision. Ann. Univ. Apulensis, Ser. Econ. 11(1), 98–105 (2009). http://www.oeconomica.uab.ro/upload/lucrari/1120091/09.pdf
Tazid, A., Boruah, H., Dutta, P.: Modeling uncertainty in risk assessment using double Monte Carlo method. Int. J. Eng. Innov. Technol. (IJEIT) 1(4), 115–118 (2012)
Berk, J., De Marzo, P., Venanzi, D.: Capital Budgeting, 1st ed., Pearson Paravia Bruno Mondadori, Milan, Italy (2009). ISBN 9788871925875
Melchers, R.E.: On the ALARP approach to risk management. Reliab. Eng. Syst. Saf. 71(2), 201–208 (2001). https://doi.org/10.1016/S0951-8320(00)00096-X
Sartori, D., et al.: Guide to Cost-Benefit Analysis of Investment Projects–Economic Appraisal Tool for Cohesion Policy 2014–2020. European Commission, Brussels, Belgium (2014)
Fang, D., Chen, B.: Linkage analysis for the water–energy nexus of city. Appl. Energy 189, 770–779 (2017). https://doi.org/10.1016/j.apenergy.2016.04.020
Italian Ministry of Economic Development, Italian Ministry of the Environment, Italian Ministry of Infrastructure and Transport: Piano Nazionale Integrato per l’Energia e il Clima (2019)
Nesticò, A., De Mare, G., Frusciante, B., Dolores, L.: Construction costs estimate for civil works. A model for the analysis during the preliminary stage of the project. In: Gervasi, O., et al. (eds.) ICCSA 2017. LNCS, vol. 10408, pp. 89–105. Springer, Cham (2017). https://doi.org/10.1007/978-3-319-62404-4_7
Dolores, L., Macchiaroli, M., De Mare, G.: Sponsorship’s financial sustainability for cultural conservation and enhancement strategies: an innovative model for sponsees and sponsors. Sustainability (Switzerland) 13(16), 9070 (2021). https://doi.org/10.3390/su13169070
De Mare, G., Granata, M.F., Forte, F.: Investing in sports facilities: the Italian situation toward an Olympic perspective. In: Gervasi, O., et al. (eds.) ICCSA 2015. LNCS, vol. 9157, pp. 77–87. Springer, Cham (2015). https://doi.org/10.1007/978-3-319-21470-2_6
De Mare, G., Di Piazza, F.: The role of public-private partnerships in school building projects. In: Gervasi, O., et al. (eds.) ICCSA 2015. LNCS, vol. 9156, pp. 624–634. Springer, Cham (2015). https://doi.org/10.1007/978-3-319-21407-8_44
Macchiaroli, M., Dolores, L., Nicodemo, L., De Mare, G.: Energy efficiency in the management of the integrated water service. A case study on the white certificates incentive system. In: Gervasi, O., et al. (eds.) ICCSA 2021. LNCS, vol. 12956, pp. 202–217. Springer, Cham (2021). https://doi.org/10.1007/978-3-030-87010-2_14
Dolores, L., Macchiaroli, M., De Mare, G.: A model for defining sponsorship fees in public-private bargaining for the rehabilitation of historical-architectural heritage. In: Calabrò, F., Della Spina, L., Bevilacqua, C. (eds.) ISHT 2018. SIST, vol. 101, pp. 484–492. Springer, Cham (2019). https://doi.org/10.1007/978-3-319-92102-0_51
Dolores, L., Macchiaroli, M., De Mare, G.: A dynamic model for the financial sustainability of the restoration sponsorship. Sustainability 12(4), 1694 (2020). https://doi.org/10.3390/su12041694
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Macchiaroli, M., Dolores, L. (2022). Economic-Financial Sustainability and Risk Assessment in the Water Sector in Italy. In: Calabrò, F., Della Spina, L., Piñeira Mantiñán, M.J. (eds) New Metropolitan Perspectives. NMP 2022. Lecture Notes in Networks and Systems, vol 482. Springer, Cham. https://doi.org/10.1007/978-3-031-06825-6_130
Download citation
DOI: https://doi.org/10.1007/978-3-031-06825-6_130
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-06824-9
Online ISBN: 978-3-031-06825-6
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)