An economic assessment of the impacts of the MOSE barriers on Venice port activities

To protect Venice from flooding, a number of protective measures have been adopted, including a system of mobile barriers known as MOSE. These separate the lagoon from the surges in the Adriatic Sea but interfere with shipping and on port activities. We estimate direct costs on ship traffic resulting from the use of MOSE, i.e., the additional costs of longer waiting time when passing through the Venice Lagoon. Our estimate uses inputs from a hydrodynamic model applied to the ship traffic between 2000 and 2002 and indicate that these costs range from €347,943 to €1.3 million a year, depending on the hypotheses adopted.