€48b needed for European ports

ESPO study ESPO'S study found that European ports will require around €48bn for investment in the period 2018-2027

The European Sea Ports Organisation (ESPO) has called for a strong Connecting Europe facility to support the €48bn investment it claims European ports need.

A study by the organisation to prepare its public consultation submission for the new Connecting Europe Facility (CEF II) covering the financial period 2021-2028, found that ports need to continue to invest into modern, sustainable and well-connected infrastructure and will require around €48bn for the period 2018-2027.

ESPO’s secretary general Isabelle Ryckbost said: “The study shows an investment pattern of European ports that mirrors very well the essential and very diverse role of ports for the economy.

“We strongly hope that the study and our recommendations can help the Commission and EU policy makers to develop a strong CEF II proposal with sufficient focus on the EU added value of port projects. It is crucial in that respect to recognise ports as international infrastructures.”

Key objectives

Based on the study, ESPO would like a strong Connecting Europe Facility to reflect grants as an essential component of financing port projects with a high added value but low financial returns; a well-defined and transparent methodology to define EU added value, that goes beyond ‘cross-border’ projects; and responsible grant management, through a more rigorous cost-benefit analysis.

It would also like to see a long-term vision on funding priorities allowing the ports to prepare high quality projects; co-financing to be defined on the basis of the funding gap; and the “right level of endorsement”, with smaller port projects which do not involve national or regional funding not requiring prior endorsement of the Member State.

LATEST PRESS RELEASES

Intermodal Europe 2018 steers the way for the global container shipping industry

With the global container shipping market currently estimated to be worth $4 trillion and representi... Read more

A TRADITIONAL TMS, WE DON'T THINK SO

1-Stop Connections (1-Stop) is the industry leader in solving supply chain challenges to speed upthe... Read more

Arctic Route: an historic milestone for SOGET and S)ONE

On September 6th, at the Radicatel Terminal which is located between Le Havre and Rouen, the special... Read more

SOMACOM chooses TGIBOX to access to a real time geolocalization of its CHE

Since the beginning of June, SOMACOM is operating TGIBOX with 4 Straddle Carriers on the container t... Read more

KRIBI port chooses OSCAR Terminal Operating System !

To achieve its ambition to become an essential logistics platform in the Central African region, the... Read more

World’s smartest digital port with Northern collaboration:

World’s smartest digital port with Northern collaboration: Largest multipurpose port in Finland adop... Read more

View all