Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Rome completes marquee project in contentious city overhaul for Catholic Holy Year
    Top Stories

    Rome completes marquee project in contentious city overhaul for Catholic Holy Year

    Published by Jessica Weisman-Pitts

    Posted on December 23, 2024

    2 min read

    Last updated: January 27, 2026

    The image showcases the newly completed underpass near the Vatican, a key part of Rome's preparations for the 2025 Catholic Holy Year. This major project enhances pedestrian access and traffic flow, aiming to accommodate millions of tourists expected during the Jubilee.
    Newly completed underpass near Vatican for Holy Year preparations - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:infrastructure financingpublic policyfinancial communityProject Managementeconomic growth

    By Joshua McElwee

    ROME (Reuters) – Rome has completed the most ambitious of thousands of construction works that have disrupted daily life in the Eternal City in preparation for the millions of tourists expected during the 2025 Catholic Holy Year that starts this week

    Mayor Roberto Gualtieri opened a major new road junction near the Vatican on Monday, marking completion of an 85 million euro ($88.4 million) centrepiece project among 3,200 public construction works ahead of the Holy Year, otherwise known as the Catholic Jubilee.

    The new underpass near the medieval Castel Sant’Angelo redirects traffic underground and creates a pedestrian zone from the Tiber River toward St. Peter’s Basilica, the centre of Catholicism and one of the world’s most visited tourist sites.

    The frenzy of work, however, has infuriated residents and left some visitors feeling short-changed in recent months because many tourist attractions have been behind scaffolding.

    The Vatican expects 32 million tourists to descend on the Italian capital for the Holy Year, which will be opened by Pope Francis during Christmas Eve Mass at St. Peter’s on Tuesday and will run until Jan. 6, 2026.

    The first Holy Year was proclaimed in 1300 as an opportunity for pilgrims coming to Rome to obtain special indulgences, or remission of their sins. The event now normally occurs every 25 years and is considered a time of peace, forgiveness and pardon.

    Gualtieri said construction workers, who started the underpass in August 2023, worked 24 hours a day for 450 days to win a “race against time” to complete it on schedule.

    “The Jubilee will now give Rome a new beautiful public square,” he told reporters.

    Under the new layout, much of the Via della Conciliazione, the central boulevard leading toward the Vatican, will become a traffic-free “pilgrims’ path” expected to be walked by up to 100,000 tourists per day.

    Beyond the new road construction, Rome has pooled 3.7 billion euros of state and European funds to overhaul tourist sites, parks and even rubbish bins.

    The Trevi Fountain has also been restored and was reopened on Sunday.

    ($1 = 0.9620 euros)

    (Reporting by Joshua McElwee; Editing by Gavin Jones and David Goodman)

    Frequently Asked Questions about Rome completes marquee project in contentious city overhaul for Catholic Holy Year

    1What is project management?

    Project management is the process of planning, executing, and overseeing projects to achieve specific goals within a defined timeline and budget.

    2What is economic growth?

    Economic growth is the increase in the production of goods and services in an economy over time, often measured by the rise in Gross Domestic Product (GDP).

    3What is a tourist influx?

    A tourist influx refers to a significant increase in the number of visitors to a particular location, often during special events or seasons.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostGreenland is not for sale, its leader says in response to Trump
    Next Top Stories PostItalian watchdog investigates Telecom Italia contract with former network arm