EUROPE

Spanish and Irish ports receive €2.4bn in EU funds

8 years ago

A European Commission report has revealed that the European Union has raised in the region of €2.4bn to finance some 100 port projects in both Spain and Ireland, as well as boosting the maritime economy in more peripheral regions of the trading block.

The European Union has raised in the region of €2.4bn to finance some 100 port projects in both Spain and Ireland Photo: Yanni Koutsomitis/flickr/CC BY 2.0

A report shows that, since the plan to support regional areas was introduced in 2013, €6bn had been raised by 2017 to finance around 1,200 projects within the EU, the majority of which concerned the environment, innovation, connectivity and social inclusion.

The plan encompasses five countries: France, Ireland, Portugal, Spain and the UK and their ultra-peripheral regions.