• Follow Us On Our Preferred Social Media Platform:

EIB supports Marseille Fos port bunkering project

30 May 2018

The European Investment Bank (EIB), the Bank of the European Union, stated it will provide financial backing of EUR 50 million (USD $57.8 million) to five projects at Marseille Fos port in France, it says.

Included in the project is renovation works of the K3/K4 substations in the port’s West basin to allow for bunkering operations to take place.

The five port projects which include the development of container terminals in Fos, the reorganization of the Corsican / Maghreb ferry terminals, and the development of the Feuillane logistics zone will require total cost of EUR 136 million.

“10 years after having accompanied the port of Marseille Fos for the creation of the 2XL terminals, we are honoured that the EIB is renewing its confidence by financing our projects up to € 50 million,” said Christine Cabau Woehrel, President of the Executive Board of the Port of Marseille Fos.

“Marseille Fos is thus endowed with an investment capacity that will enable it to pursue the development of its infrastructures and strengthen its international dimension.”

In turn, Ambroise Fayolle, Vice President of EIB, said the bank is happy to provide financing to strengthen the capacity, competitiveness and international influence of Marseille Fos port.

“I am very pleased that this major funding comes to support the attractiveness and development of the port of Marseille Fos" he said.

“The EIB is particularly proud to support the ambition of a Port with a strong European and international vocation.”

Photo credit: European Investment Bank
Published: 30 May, 2018

 

Related News

Featured News

Our Industry Partners

  • argus

PR Newswire