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Italy somewhere, I believe
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Please provide further explanations in the comments to the right. You are able to insert links to prove your suggestion, e.g. with Google Street View.
I put a pin only for curious people, so they can find street views; my system doesn't allow me to put links now.
It is very similar to the Arco di Carola in my city (Ancona - Italy). But if the photo is from the 30s or 40s, as it seems, perhaps there was already a crossroads to the right for Piazza del Plebiscito.
Surely in the last 50 years there has never been a column on the left. In short: it looks like, but it is not; however I would say > 90% in my region (Marche).