Profit and Loss
Comitato "La Villa Reale è anche mia" - tel +39 039 382147 +39 039 324204
LET’S DO THE MATH
As a matter of fact, we have been the ones funding the restoration via a fake project financing [go through our math]. Private companies financed the renovation for less than ¼ of the capital while Regione Lombardia, the public entity, for the remaining ¾. However, in compliance with law and logic, it should be the opposite, since project financing is utilized whenever public entities are not in a position to finance works or services. As a consequence, these public entities claim for funds by private companies granting them the wealth revenues. It is the so called PPP model" – public-private partnership.
In the case of Villa Reale, public entities are financing private companies allowing them to make considerable profits. In fact, private companies will recover their investments in a few years, but they will take profit of revenues for over ten years.
You may wish to go through our report.
The Villa Reale restored? It is a million euro deal for private companies only (out of local press “Il Giorno” of Oct. 31, 2014.). In Italian only.
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