The European Investment Bank (EIB) announced that it will support the development of Marseille’s major seaport. Namely, EIB will allocate €50m for five strategic projects in a variety of sectors such as container terminals in the Port of Marseille Fos, the reorganization of the Corsican/ Maghreb ferry terminals and the development of the Feuillane logistics zone.
This partnership will fund five projects with a total investment of €136 million. The projects in name are:
- The redevelopment of international passenger terminals and Corsica;
- The widening of the North Pass for the reception of large cruise ships;
- The renovation of the K3/K4 substations for the supply of ships’ refueling;
- The development of the logistics zone on the Feuillane site;
- The extension of the two wharves to offer 2.6 km continuous dock length and accommodate the large containerships.
With this funding by EIB, the port of Marseille Fos will now be able to meet the deadlines at the end of the current strategic project 2014-2018 and to focus on the next 2019-2023 strategic project.
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Ambroise Fayolle, Vice President of the EIB, noted:
I am very pleased that this major funding comes to support the attractiveness and development of the port of Marseille Fos. By giving the first port of France the means to acquire modernized, efficient and market-oriented infrastructures, the Bank of the European Union strengthens the capacity, competitiveness and international influence of a complex single port in France. Our goal is to support the long-term development of the port of Marseille Fos and support businesses and employment on this site.
Recently, the Marseille Fos Port Authority and the Costa Group announced a collaboration between the two, to make Marseille a port technology hub. The agreement includes a joint commitment to protect the environment, create a dedicated warehouse and a training project for naval officers and engineers in Marseille.
