In
his speech, Vito Gamberale then examined the scenario regarding Privatisations,
making a distinction between privatisations at central level, local level and
privatisations today.
In
presenting the role of the F2i fund, in terms of investment in infrastructure,
Vito Gamberale stressed the importance of financing investments through already
existing infrastructures. The infrastructure sector can be extremely profitable
and profits can, and at the same time must, finance development. To this end,
infrastructures need to have adequate dimensions and must not be fragmented.
By
presenting the companies controlled by his Fund, Vito Gamberale illustrated the
role of what is also one of the world’s largest funds dedicated to
infrastructure investments in a single Country.
At
the end of his speech, on the topic of local public services, Vito Gamberale
denounced the local, and sometimes even municipal, dimension of a number of
asset management companies and suggested starting off an aggregation process
for small local entities, with a view to establishing national champions
specialised in single services.
In
order to do this, Vito Gamberale believes it would be necessary to activate an
institutional system of capitalism to provide capital for infrastructure
development and finance the establishment of large sector public companies,
while ensuring that these are managed independently. The F2i fund is an example
of the role trade-off between the State and Private and Local entities;
established in 2007, the F2i fund has succeeded in creating a system of
interacting infrastructure networks that act as a driver for the Country’s
growth.
