Florence Mayor Dario Nardella on
Thursday said that public water utility Publiacqua will pay for
damages incurred as a result of the sinkhole that opened up in
the centre of the city on the Arno River embankment on
Wednesday.
An initial estimate put the cost of damages at five million
euros for the sinkhole, which was blamed on a burst water pipe
and caused huge damage but no injuries.
Nardella said that the majority shareholders in Publiacqua
are public and that the majority shareholder among the public
shareholders is the City of Florence, for which Nardella serves
as the legal representative.
The Florence mayor met with Cabinet Secretary Luca Lotti on
Wednesday evening to discuss the situation.
"First we'll start and Publiacqua will put the money in,
then we'll see what the government can do to help us," Nardella
said.
He said that the Florence city council has decided to lower
some taxes for one year on businesses in the area of Lungarno
Torrigiani where the sinkhole is located, not far from the Ponte
Vecchio.
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