Marseille Fos is granted European Investment Bank support

Container terminals. Source: Marseille Fos Port Authority

The European Investment Bank (EIB) announced yesterday its support of the port development projects of Marseille Fos by allocating EUR 50 mln (USD 57.6). The partnership agreement was signed by Christine Cabau Woehrel, CEO of Marseille Fos Port Authority, and Ambroise Fayolle, EIB Vice President, upon their visit to Darse 2, the junction of the port’s two existing container terminals.

The aim of the signed agreement is to provide financing for the five projects that require a total investment of EUR 136 mln (USD 157 mln). These include the reconstruction of international passenger terminals and the enlargement of the North pass in the Eastern basin to enable accommodation of large cruise ships. In the Western basin, these projects include the renovation of the K3/K4 substations for the supply of ship fuel, further development of the Feuillane logistics zone and the extension of the two existing berths in order to offer 2.6 km of continuous quay space for the largest containerships of today.

“Ten years after the  EIB had supported the port of Marseille Fos in the construction of the 2XL terminals, it is a great honour for us to gain its confidence once again,” says Christine Cabau Woehrel. “With the funding of EUR 50 mln, Marseille Fos acquires an investment capacity enabling us to pursue the development of the port’s infrastructure and strengthen its international position. And this support goes beyond just port projects, it concerns the entire industrial cluster, so that large international investors can now be attracted to the area.”

The sharp increase in traffic in the last three years has consolidated the credibility of the port of Marseille Fos in France and internationally. The port was able to take full advantage of the economic recovery by pursuing its strategy of diversification and conquest of new markets.

Ambroise Fayolle commented: “By providing the major funding to the leading port of France to build modern, efficient infrastructure, adapted to market requirements, the European Investment Bank strengthens the capacity, competitiveness and international influence of the unique French port complex. Our objective is the long-term support of Marseille Fos development and the regional business and employment.”

Julia Louppova:
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