Lecce, Italy: In a study undertaken by Nomisma Energia, it was concluded that overall, the construction of TAP will contribute directly to GDP in the Puglia region of approximately € 80 million per year, during the four years of construction (2015 - 2018). In terms of employment, the Nomisma Energia study found the direct effect for the same period will amount to approximately 150 jobs (part-time and full-time) per year.
Considering the additional indirect and induced effects, the economic impact of the project during construction on the region amounts to approximately € 290 million and 2,170 jobs per year overall.
The study conducted by Nomisma Energy, published in March 2013, is based on a scientific method widely adopted, which divides the effects of an investment project on the region in direct, indirect and induced, differentiating the contribution of the construction phase of the pipeline (2015-2018) and the phase in which the infrastructure will be operational (2019-2068) i.
According to this approach, the investment of TAP will have a direct impact due to capital expenditures during the construction phase and the operational phase, with its impact on the economy and contractors. The activity of the latter generates a direct effect on the economy and an indirect one, due to the fact that the contracts outsourced to local companies become part of the supply chain of goods and services.
It can also be detected a spill-over effect due to the presence of the infrastructure in the area, which will provide an incentive for the local economy, bringing more investment to be used on goods and services for citizens, stimulate consumption, export activities and taxation.
The Nomisma study considers, in fact, that at least 25% of the workforce employed in the construction of the infrastructure will be based on the area around Melendugno, helping to increase the volume of consumption.
At the same time, the Nomisma Energy study concludes that during the 50 years of the operational phase, the pipeline will generate:
- Direct effects on regional GDP of approximately € 180 million (approximately € 4 million euro per year)
- Around 30 jobs per year
- Additional indirect and induced effects during the operation phase
for a total contribution to regional GDP equal to approximately € 380 million (€ 8 million euro a year), which, in turn, will generate employment impact at an average of 220 jobs per year.
The estimate global impact for for the Province of Lecce amounts to:
- 15 million euro in terms of annual contribution to provincial GDP for the construction phase
- Approximately € 4 million per year for the fifty years of operation of the infrastructure
- 340 jobs a year for the construction phase and 129 a year for the operational phase
Further, the study concludes that at the municipal level, the TAP project will have a macroeconomic impact, linked to both the construction phase and to the presence and activities of the receiving terminal; in addition contributions are expected to government budgets in the form of taxes, which the company will have to pay. The value of this amount, corresponding to the payment of taxes like IMU and TIA (property tax and tax on environmental hygiene), can be quantified in a total of approximately 393,000 Euros per year during operations. This figure is linked to the evolution of the fiscal legislation and to the final size of the PRT, which will be officially defined with the finalization of the ESIA procedure (September 2013).
In conclusion, the Nomisma study shows an important support to economic development not only for the municipality hosting the project, but in general the whole of the Salento and Puglia region.
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(i): The Nomisma Energia study has based its calculations on estimated figures initially provided by TAP.