Recital (4) · Only the Italian text is authentic

(4)Failure to accept the request submitted by the Italian Republic would jeopardise the economic viability of the project. According to the information provided by the Italian infrastructure Manager, the total cost of the current project is EUR 315,49 million; the cost of the extra works to ensure compliance with point 4.2.1.5.2 (b)(1) of the Annex to Regulation (EU) No 1303/2014 has been quantified at EUR 165 million, of which EUR 137 million for the execution of the works and the rest for study and support. That would increase above 50 % the investment cost of the project, amounting to EUR 500 million. In accordance with Article 2(2), point (b)(i) of Commission Implementing Regulation (EU) 2020/424^note, the economic viability analysis, carried out by the Italian infrastructure manager and submitted to the Commission, took into account exploitation revenue of the non-application allowing earlier deployment and the longer term economic viability of the project within the national and European rail system. Based on the information provided, the line would not be part of comprehensive TEN-T network and would mainly serve local transport functions of connecting the town of Matera to the main Italian railway network. If the request for non-application of point 4.2.1.5.2 (b)(1) of the Annex to Regulation (EU) No 1303/2014 is accepted, the project is expected to produce benefits for the community that are greater than the use of resources. On the contrary, it is expected that, if the request is rejected, the project will not produce benefits exceeding the costs.