{"id":3628,"date":"2025-04-07T06:30:09","date_gmt":"2025-04-07T04:30:09","guid":{"rendered":"https:\/\/www.basco-t.com\/?p=3628"},"modified":"2026-01-08T16:46:15","modified_gmt":"2026-01-08T15:46:15","slug":"risultati-economici-amministrazioni-locali-tpl","status":"publish","type":"post","link":"https:\/\/www.basco-t.com\/en\/risultati-economici-amministrazioni-locali-tpl\/","title":{"rendered":"DO POLITICS STILL INFLUENCE THE GOVERNANCE OF LPT COMPANIES? An analysis of the economic performance of majority-public LPT companies in relation to administrative mandates"},"content":{"rendered":"<h5 class=\"wp-block-heading\">Rather than an ideological issue - left wings or  right wings - what really matters in the alternation between governments, the frequent switches of exponents from one party to another, and changes in alliances. In this scenario, LPT companies operate in an environment that makes it complex to define a stable, long-term vision.<\/h5>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"2481\" height=\"3508\" src=\"https:\/\/www.basco-t.com\/wp-content\/uploads\/2025\/04\/GOVERNANCE-eng_Tavola-disegno-1-copia-5-scaled.jpg\" alt=\"Risultati economici\" class=\"wp-image-3629\" title=\"\" srcset=\"https:\/\/www.basco-t.com\/wp-content\/uploads\/2025\/04\/GOVERNANCE-eng_Tavola-disegno-1-copia-5-scaled.jpg 1810w, https:\/\/www.basco-t.com\/wp-content\/uploads\/2025\/04\/GOVERNANCE-eng_Tavola-disegno-1-copia-5-1280x1810.jpg 1280w, https:\/\/www.basco-t.com\/wp-content\/uploads\/2025\/04\/GOVERNANCE-eng_Tavola-disegno-1-copia-5-980x1386.jpg 980w, https:\/\/www.basco-t.com\/wp-content\/uploads\/2025\/04\/GOVERNANCE-eng_Tavola-disegno-1-copia-5-480x679.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 2481px, 100vw\" \/><\/figure>\n\n\n\n<h1 class=\"wp-block-heading has-text-align-center has-text-color has-link-color wp-elements-c40ba2c8e0f305e41631c4951181bcb3\" style=\"color:#0763e3\">Share on:<\/h1>\n\n\n\n<ul class=\"wp-block-social-links has-large-icon-size has-icon-color has-icon-background-color is-style-pill-shape is-content-justification-center is-layout-flex wp-container-core-social-links-is-layout-16018d1d wp-block-social-links-is-layout-flex\"><li style=\"color:#ffffff;background-color:#ebebeb;\" class=\"wp-social-link wp-social-link-linkedin has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https:\/\/www.basco-t.com\/risultati-economici-amministrazioni-locali-tpl\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" version=\"1.1\" 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M16.804,6.116c-0.596,0-1.08,0.484-1.08,1.08 s0.484,1.08,1.08,1.08c0.596,0,1.08-0.484,1.08-1.08S17.401,6.116,16.804,6.116z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Instagram<\/span><\/a><\/li>\n\n<li style=\"color:#ffffff;background-color:#ebebeb;\" class=\"wp-social-link wp-social-link-facebook has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/www.basco-t.com\/risultati-economici-amministrazioni-locali-tpl\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 2C6.5 2 2 6.5 2 12c0 5 3.7 9.1 8.4 9.9v-7H7.9V12h2.5V9.8c0-2.5 1.5-3.9 3.8-3.9 1.1 0 2.2.2 2.2.2v2.5h-1.3c-1.2 0-1.6.8-1.6 1.6V12h2.8l-.4 2.9h-2.3v7C18.3 21.1 22 17 22 12c0-5.5-4.5-10-10-10z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Facebook<\/span><\/a><\/li><\/ul>\n\n\n\n<p>The economic performance seems to confirm a simple fact, but often overlooked: <strong>the policy weighs and how<\/strong>also on the financial statements. But more than an ideological issue \u2013 <strong>to the left or right<\/strong> \u2013 really count are <strong>political instability<\/strong>the rates of covenants, and the frequent alternation of leadership, both locally and nationally.<\/p>\n\n\n\n<p>To <strong>Rome<\/strong>ATAC shows a loss progressively reduced: from -433 million during the administration of <strong>Ignazio Marino (PD)<\/strong>to -134 million <strong>Virginia Raggi (M5S)<\/strong>up to -85 million under the current mayor <strong>Roberto Gualtieri (PD)<\/strong>.<\/p>\n\n\n\n<p class=\"translation-block\">In Naples, ANM moved from a deficit of \u20ac65 million under Luigi De Magistris (left-wing civic list) to a profit of nearly \u20ac5 million under Gaetano Manfredi (centre-left).<\/p>\n\n\n\n<p>To <strong>Turin<\/strong>, GTT registers a turnaround: after loss after loss with <strong>Piero Fassino (PD)<\/strong> and <strong>Chiara Appendino (M5S), respectively -64 million and -104 million<\/strong>comes in a useful <strong>Stefano Lo Russo (PD)<\/strong> \u20ac609mila.<\/p>\n\n\n\n<p class=\"translation-block\">Conversely, companies historically considered solid have shown signs of decline: in Milan, ATM moved from a profit of \u20ac+33.7 million under Giuliano Pisapia (SEL) to a cumulative deficit of \u20ac-94 million under Giuseppe Sala (PD). In Bologna, TPER dropped from \u20ac+47.7 million under Virginio Merola (PD) to \u20ac+5 million under Matteo Lepore (PD).<\/p>\n\n\n\n<p>Other cases highlight stability, as <strong>CTM Cagliari<\/strong>that remains useful with <strong>Massimo Zedda (SEL)<\/strong> and <strong>Paul Truzzu (FdI)<\/strong>even with a reduction of the result. Or <strong>Trieste Trasporti<\/strong>in the active with both <strong>Roberto Cosolini (PD)<\/strong> with <strong>Roberto Dipiazza (FI-centre-right)<\/strong>.<\/p>\n\n\n\n<p><strong>Cumulative Net Income Ranking \u2013 Publicly Owned LPT Companies by Mayoral Term (2014\u20132023)<\/strong><\/p>\n\n\n\n<p>This ranking was created by ordering the cumulative net results of local public transport (LPT) companies under full public ownership, categorised by mayor, term in office, and political alignment. The aim is to provide a financial reading of the administrative terms during which companies closed the financial year in surplus or deficit, without expressing political or value-based judgments.<\/p>\n\n\n\n<p><strong>Top of the list:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Virginio Merola<\/strong> \u2013 TPER, Bologna (2011-2021) \u2013 <em>centre-left<\/em> \u2192 <strong>+47.7 million<\/strong><\/li>\n\n\n\n<li><strong>Giuliano Pisapia<\/strong> \u2013 ATM, Milan (2011-2016) \u2013 <em>centre-left<\/em> \u2192 <strong>+33.7 million<\/strong><\/li>\n\n\n\n<li><strong>Roberto Dipiazza<\/strong> \u2013 Trieste Trasporti, Trieste (2016-2021) \u2013 <em>the centre-right<\/em> \u2192 <strong>+30.9 million<\/strong><\/li>\n\n\n\n<li><strong>Roberto Cosolini<\/strong> \u2013 Trieste Trasporti, Trieste (2011-2016) \u2013 <em>centre-left<\/em> \u2192 <strong>+28.9 million<\/strong><\/li>\n\n\n\n<li><strong>Massimo Zedda<\/strong> \u2013 CTM Cagliari (2011-2019) \u2013 <em>centre-left<\/em> \u2192 <strong>+19.7 million<\/strong><\/li>\n\n\n\n<li><strong>Alessandro Andreatta<\/strong> \u2013 Trentino Trasporti, Trento (2009-2020) \u2013 <em>centre-left<\/em> \u2192 <strong>+6.1 million<\/strong><\/li>\n\n\n\n<li><strong>Matthew Lepore<\/strong> \u2013 PIVOT, Bologna (2021\u2013in progress) \u2013 <em>centre-left<\/em> \u2192 <strong>+5 million<\/strong><\/li>\n\n\n\n<li><strong>Gaetano Manfredi<\/strong> \u2013 ANM, Naples (2021\u2013in progress) \u2013 <em>centre-left<\/em> \u2192 <strong>+4.7 million<\/strong><\/li>\n\n\n\n<li><strong>Roberto Lagalla<\/strong> \u2013 AMAT, Palermo (2022\u2013in progress) \u2013 <em>the centre-right<\/em> \u2192 <strong>+1.6 million<\/strong><\/li>\n\n\n\n<li><strong>Marco Bucci<\/strong> \u2013 AMT, Genoa (2017\u2013current) \u2013 <em>the centre-right<\/em> \u2192 <strong>about 1 million<\/strong><\/li>\n\n\n\n<li><strong>Stefano Lo Russo<\/strong> \u2013 GTT, Torino (2021\u2013in progress) \u2013 <em>centre-left<\/em> \u2192 <strong>less than 1 million<\/strong><\/li>\n\n\n\n<li><strong>Marco Doria<\/strong> \u2013 AMT Genova (2012-2017) \u2013 <em>centre-left<\/em> \u2192 <strong>less than 1 million<\/strong><\/li>\n\n\n\n<li><strong>Franco Ianeselli<\/strong> \u2013 Trentino Trasporti, Trento (2020\u2013ongoing) \u2013 <em>centre-left<\/em> \u2192 <strong>less than 1 million<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Bottom of the list \u2013 most significant deficits:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Chiara Appendino<\/strong> \u2013 GTT, Torino (2016-2021) \u2013 <em>M5S<\/em> \u2192 <strong>-104,6 million<\/strong><\/li>\n\n\n\n<li><strong>Giuseppe Sala<\/strong> \u2013 ATM, Milan (2016\u2013ongoing) \u2013 <em>centre-left<\/em> \u2192 <strong>-94,5 million<\/strong><\/li>\n\n\n\n<li><strong>Roberto Gualtieri<\/strong> \u2013 ATAC, Rome (2021\u2013in progress) \u2013 <em>centre-left<\/em> \u2192 <strong>-84,7 million<\/strong><\/li>\n\n\n\n<li><strong>Leoluca Orlando<\/strong> \u2013 AMAT, Palermo (2012-2022) \u2013 <em>centre-left<\/em> \u2192 <strong>in addition -76 million<\/strong><\/li>\n\n\n\n<li><strong>Luigi De Magistris<\/strong> \u2013 ANM, Naples (2011-2021) \u2013 <em>centre-left<\/em> \u2192 <strong>in addition -64 million<\/strong><\/li>\n\n\n\n<li><strong>Virginia-Ray<\/strong> \u2013 ATAC, Rome (2016-2021) \u2013 <em>M5S<\/em> \u2192 <strong>-133,8 million<\/strong><\/li>\n\n\n\n<li><strong>Ignazio Marino<\/strong> \u2013 ATAC, Rome (2013-2015) \u2013 <em>centre-left<\/em> \u2192 <strong>-433,2 million<\/strong><\/li>\n<\/ul>\n\n\n\n<p><em>Note: some mayoral terms may overlap due to differing dates of assumption and termination of office.<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"2481\" height=\"3262\" src=\"https:\/\/www.basco-t.com\/wp-content\/uploads\/2025\/04\/TAB-1.png\" alt=\"\" class=\"wp-image-3634\" title=\"\" srcset=\"https:\/\/www.basco-t.com\/wp-content\/uploads\/2025\/04\/TAB-1.png 2481w, https:\/\/www.basco-t.com\/wp-content\/uploads\/2025\/04\/TAB-1-1280x1683.png 1280w, https:\/\/www.basco-t.com\/wp-content\/uploads\/2025\/04\/TAB-1-980x1288.png 980w, https:\/\/www.basco-t.com\/wp-content\/uploads\/2025\/04\/TAB-1-480x631.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 2481px, 100vw\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-link-color wp-elements-c9aa148c4dab84f2952d393ea0d68322\"><em>Elaboration Basco&amp;T Consulting on data extracted from public budgets 2014-2023 (Bureau Van Dijk) and OpenBilanci data. <a href=\"https:\/\/openbilanci.it\/\" target=\"_blank\" rel=\"noopener\">OpenBilanci<\/a><\/em>.<\/p>\n\n\n\n<p><em>notes:<\/em><\/p>\n\n\n\n<p><em>The democrats of the left: the party dissolved in 2007<\/em><\/p>\n\n\n\n<p><em>SEL (Left Ecology Freedom): the party dissolved in 2016; in 2017 adheres to the ITALIAN LEFT<\/em><\/p>\n\n\n\n<p><em>The federation of the Left: the party dissolved in 2015<\/em><\/p>\n\n\n\n<p><em>The people of Freedom: become a FORCE in ITALY at the end of 2013<\/em><\/p>\n\n\n\n<p><em>Italy of Values: the first coalition of csx and is today an integral part of a coalition of the centre-right with Us Moderate<\/em><\/p>\n\n\n\n<p>To complete the picture, it is useful to also consider national governments and the succession of Ministers of Infrastructure and Transport (MIT) from 2013 to 2023, which ran in parallel with the local administrations included in this analysis. At the national level as well, MIT leadership had significant impact, with varying approaches:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Maurizio Lupi (PdL\/NCD)<\/strong> in the governments Letta and Renzi (2013-2015),<br><\/li>\n\n\n\n<li><strong>Graziano Delrio (PD)<\/strong> in the government Renzi and Gentiloni (2015-2018),<br><\/li>\n\n\n\n<li><strong>Danilo Toninelli (M5S)<\/strong> in the first government Count (2018-2019),<br><\/li>\n\n\n\n<li><strong>Paola De Micheli (PD)<\/strong> in the second government, Conte (2019-2021),<br><\/li>\n\n\n\n<li><strong>Enrico Giovannini (independent)<\/strong> in the government Dragons (2021-2022),<br><\/li>\n\n\n\n<li><strong>Matteo Salvini (League)<\/strong> in the government Melons (by 2022).<br><\/li>\n<\/ul>\n\n\n\n<p class=\"translation-block\">Local public transport in Italy suffers less from political ideology and more from instability and discontinuity. Transport companies require long-term vision, consistent funding and strategy, and governance that is less vulnerable to electoral cycles. Public mobility is social infrastructure\u2014not a political battleground.<\/p>\n\n\n\n<p><strong>Notes:&nbsp;<\/strong><em>This analysis offers a partial reading of the financial performance of LPT companies. A more complete assessment would require consideration of additional indicators, such as service quality and investments, as well as external factors and extraordinary events (e.g., the pandemic, energy crises, etc.) that may have influenced financial results regardless of the administrations in office.<\/em><\/p>\n\n\n\n<p>In a recent discussion we have analyzed the situation of the Italian companies to local public transport, providing a <a href=\"https:\/\/www.basco-t.com\/en\/aziende-di-tpl-a-confronto\/\">the ranking for the sales<\/a>.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-left is-layout-flex wp-container-core-buttons-is-layout-fdcfc74e wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-black-color has-text-color has-background has-link-color has-small-font-size has-text-align-left has-custom-font-size wp-element-button\" href=\"https:\/\/www.basco-t.com\/en\/tpl-europeo-modello-italiano\/\" style=\"background-color:#ebebeb\">Previous article<\/a><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>L\u2019analisi propone una ricognizione sui risultati economici delle principali aziende di trasporto pubblico locale italiane a maggioranza pubblica, mettendoli in relazione con i diversi periodi amministrativi delle citt\u00e0 di riferimento. Il periodo considerato va dal 2014 al 2023. Condividi su: L\u2019andamento economico sembra confermare un fatto semplice ma spesso sottovalutato: la politica pesa eccome, anche [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3630,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[20],"tags":[],"class_list":["post-3628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobility-metrics"],"_links":{"self":[{"href":"https:\/\/www.basco-t.com\/en\/wp-json\/wp\/v2\/posts\/3628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.basco-t.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.basco-t.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.basco-t.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.basco-t.com\/en\/wp-json\/wp\/v2\/comments?post=3628"}],"version-history":[{"count":8,"href":"https:\/\/www.basco-t.com\/en\/wp-json\/wp\/v2\/posts\/3628\/revisions"}],"predecessor-version":[{"id":5319,"href":"https:\/\/www.basco-t.com\/en\/wp-json\/wp\/v2\/posts\/3628\/revisions\/5319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.basco-t.com\/en\/wp-json\/wp\/v2\/media\/3630"}],"wp:attachment":[{"href":"https:\/\/www.basco-t.com\/en\/wp-json\/wp\/v2\/media?parent=3628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.basco-t.com\/en\/wp-json\/wp\/v2\/categories?post=3628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.basco-t.com\/en\/wp-json\/wp\/v2\/tags?post=3628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}