EU Making Massive Investments in Transportation Infrastructure - Global Trade Magazine
  July 3rd, 2015 | Written by

EU Making Massive Investments in Transportation Infrastructure

Sharelines

  • The EU has announced its largest-ever infrastructure investment, totaling $14.5 billion.
  • New EU investments target rail connections and inland waterway links.
  • Among the ports to benefit from new EU investments: Le Havre, Dunkirk, Antwerp, Amsterdam, and Rotterdam.

European ports will soon be getting a boost from the European Union’s largest-ever infrastructure investment, a commitment totaling $14.5 billion. The plan comprises 276 projects and target rail connections and inland waterway links.

“I am very pleased to propose the largest investment plan ever made by the EU in the transport area,” said Violeta Bulc, the EU Transport Commissioner. “This unprecedented investment represents a major contribution to the commission’s agenda of growth and job creation.”

Among the projects to benfit under the plan, France’s Le Havre’s Port 2000 container complex will be connected with inland waterways, and a waterway link over the Seine and Schelt rivers will connect the Northern European ports of Le Havre, Dunkirk, Antwerp, and Rotterdam.

The Port of Dublin’s Alexandra Basin will be developed to allow for more berths and container capacity. The basin will be dredged from 25.5 feet to 32.8 feet, to enable the port to handle ships of up to 3,500 TEUs, up from its current capacity of 1,400 TEUs.

The Port of Rotterdam’s congestion will be mitigated with the Caland Bridge upgrade, bypassing a bottleneck and connecting the port with the Dutch hinterland.

Also slated to receive funding: a new maritime lock at the port of Amsterdam, the Nordic Maritime Hub at the port of Frederikshavn, the Rail Baltic high-speed rail network, the Brenner Tunnel link between Italy and Austria, and the Fehmarn Belt link between Denmark and Germany.

The list of projects will be submitted to the Connecting Europe Facility Committee for adoption on July 10, with project grant signings expected later this year.

Need a Logistics Provider?

Compare over 100 Instantly



%d bloggers like this: