Funding facilitates LNG vessels
A Swedish port has secured a €41.75m loan to expand its harbour facilities to accommodate new, larger LNG vessels.
The European Investment Bank signed the loan agreement with the Municipality of Ystad to enable the Port of Ystad to improve capacity to accommodate new, more environmentally friendly, LNG vessels over 240m long, which will start operating next year.
”With this investment, Port of Ystad will soon be well prepared to further consolidate its position as the third largest ferry passenger port in Sweden,” said Björn Boström, CEO of Port of Ystad. “Now, in an even more environmentally friendly way.”
The port is a busy connection point to the Polish Port of Swinoujscie and the Danish island of Bornholm. The port’s project, which has previously benefitted from support under the Connecting Europe Facility (CEF), will also help accommodate larger ro-pax vessels.
Works include the construction of two new, deeper, ferry berths at a new pier located in the outer port basin, with associated facilities in reclaimed areas located to the east of the new berths.
It also consists of dredging works in the existing outer basin of the port, the construction of a new breakwater south of the existing eastern breakwater, with a new reclaimed platform for future port activities expansion and the extension of the breakwater at the western part of the port.
The project is expected to improve the climate performance of the port. Measures being undertaken include the improvement of onshore power supply for berthed vessels and improving berthing to reduce the emissions of manoeuvring vessels.