Italy Will Pay Compensation to Companies Hurt By Venice Cruise Ship Ban.
The digital news source is reporting that over million euros will be handed out.
The Italian government announced on Friday it would pay 57.5 million euros in compensation to cruise companies affected by the decision to ban large ships from Venice's fragile lagoon.
The new rules, which took effect in August, followed years of warnings that the giant floating hotels risked causing irreparable damage to the lagoon city, a UNESCO world heritage site.
Some 30 million euros has been allocated for 2021 for shipping companies who incurred costs in “rescheduling routes and refunding passengers who cancelled trips”, the infrastructure ministry said in a statement.
A further 27.5 million euros – five million this year and the rest in 2022 – was allocated for the terminal operator and related companies, it said.