The European Union has granted EUR 9.7 million to Italy’s Port of Venice and Rimorchiatori Riuniti Panfido to co-finance the construction of the prototype of a Mama Vessel. The Mama Vessel prototype is a part of the Poseidon Med II project, approved in 2014 under the Connecting Europe Facility (CEF) project, with a total budget of EUR 53.2 million.
The EU funds will cover the final design and construction of the prototype Mama Vessel, or technically, Semi Submersible Barge Transporter.
Positioned 8 miles offshore, where the sea bed is at least 20 metres deep, the platform will harbour an energy terminal and a container terminal able to accommodate up to two latest generation container ships simultaneously.
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