by InTrieste
The city of Trieste has given the green light to a transformative redevelopment project aimed at rejuvenating the Porto Vecchio-Porto Vivo area. The ambitious plan, spearheaded by the Bergamo-based developer Costim, is a public-private initiative valued at €600 million.
The proposed redevelopment, which aims to overhaul the historic Porto Vecchio, will be formally presented to local district councils on Monday. With the councils in the midst of their summer recess, they will have 20 days to review and comment on the plan. A final discussion and vote by the city council are expected to take place in September.
The project, which has secured approval from the Ursus consortium—a collaborative body formed by the municipality, regional authorities, and the port authority—is set to reshape the old port area into a vibrant new district. Ursus consortium president Giulio Bernetti emphasized the consortium’s commitment to enhancing this crucial part of the city.
Initial phases of the project are already underway. They include the renovation of four buildings to house regional offices, the establishment of a new sports complex, and the development of a linear park. The commencement of these activities will result in the closure of the Molo Quarto parking lot, which provides 450 spaces, starting Monday, August 12.
The redevelopment also includes a contentious cable car system, which has faced some local opposition. However, Bernetti argues that the cable car is essential for managing the mobility of the estimated 20,000 people expected to frequent the Porto Vivo area.
