EIB loans €80M for Bilbao Port expansion

This project aims to promote sustainable maritime transport, offering an alternative to more carbon-intensive modes of transport.

The EIB funding will support the second phase of the port’s central breakwater expansion, the development of the port’s landside electricity grid, and the installation of renewable energy generation infrastructure.

Read: Bilbao Port Authority has launched a €55.4 million tender for the second phase of its onshore power supply project

As a key node in the Trans-European Transport Network, the project will enhance the port’s capacity and improve the efficiency of the Atlantic Corridor. On completion, it is expected to lower maritime transport costs, bolster the offshore renewable energy industry and provide additional renewable energy sources to support the port’s electrification efforts.

The expansion project aligns with the EIB Group’s desire to allocate at least half of its annual financing to climate action and environmental sustainability.