MILAN (AP) - Edoardo Ronzoni inspects a construction site near Milan that he shut down in March as costs for materials skyrocketed. He can't complete a half-built roundabout at an intersection known for fender-benders because asphalt, cast-iron pipes and concrete are too expensive - prices exacerbated by Russia's war in Ukraine.
Public works projects in Italy are grinding to a halt just as the European Union is injecting 108 billion euros ($114 billion) in pandemic recovery money meant to launch a construction frenzy.
Ronzoni laments that his company has already lost its three busiest months and expects the worst is ahead: "We fear we won't be able to work this year. We are closing all of our sites.''