Finance rescheduled for ports in Madeira

The rescheduling is being undertaken while taking into account investment expenses Photo: Blake Handley/flickr/CC BY 2.0 The rescheduling is being undertaken while taking into account investment expenses Photo: Blake Handley/flickr/CC BY 2.0

In Portugal, the Council of the Regional Government of Madeira has decided to amend the finance and work programme it signed with the island’s ports’ administration, APRAM. In particular, this will result in the rescheduling of its €8.319m financial contribution to this organisation.

According to an official announcement, the rescheduling is being undertaken while taking into account investment expenses, especially in respect of the need to strengthen the protection around the southern quay of the Port of Funchal, where desorption - a phenomenon whereby a substance is released from or through a surface – has become a problem. Further cash is earmarked for repairing the Port of Porto Santo, and also to undertake repairs at the ports of Funchal, Caniçal and Machico, following storm damage on December 10, 2013.

LATEST PRESS RELEASES

Enhanced Hazcheck Restrictions Portal Launched, 1 May 2018

Exis Technologies, with the support of leading shipping and freight insurers, TT Club and UK P&I Clu... Read more

Successful participation and presentation at exhibition in Beira, Mozambique

The exhibition series ‘Intermodal Africa’ organized by Transport Events is always a good possibility... Read more

Protectors of Esbjerg's new East Port quay

The German based Headquarters of ShibataFenderTeam recently completed an order for the Port of Esbje... Read more

Aquaplot joins Technology Transfer Programme of European Space Agency

Start-up for ocean route planning enters ESA’s Business Incubation Centre (BIC) Read more

AMRO Increases Scope To Cover The GCC Region

AMRO, a specialist marine equipment and services provider, is proud to announce that they will now c... Read more

SAFE AND SECURE

Ninth Consecutive “Excellent” Coast Guard Security Assessment Awarded to Port of Baltimore Read more

View all