EU Approves EUR 270 Million Public Funding for New Terminal at Calais

EU Okays EUR 270m Public Funding for New Terminal at Calais

The European Commission has found that public funding of EUR 270 million to build a new cross‑Channel terminal in the Port of Calais is in line with EU state aid rules.

The new terminal was deemed to further EU transport policy objectives without unduly distorting competition in the internal market.

In April 2015, the French authorities had indicated that they intended to finance a project to expand the Port of Calais, with the funding coming from the French State and local authorities in Pas-de-Calais and, subject to approval, the European Union through the Connecting Europe Facility.

The project to expand the Port of Calais includes, in particular, the building of a new terminal.

France carried out an in-depth financial analysis showing that the terminal operator’s income from the use of the infrastructure would be insufficient to cover the investment costs over a period of 50 years.

Therefore, the project could not have been carried out without public funding. The Commission found that the public funding was limited to the minimum necessary to make the investment possible.

Furthermore, the distortion of competition will be limited given the traffic growth forecasts and the fact that there are other ports and the Eurotunnel which will continue to exert competitive pressure on the Port of Calais.

The Commission has therefore concluded that the positive effects of the project will clearly outweigh any potential distortions of competition brought about by the aid.

The Port of Calais, situated on the strait linking the North Sea to the English Channel, has recently been hit with a wave of traffic blockades and slowdowns caused by a series of strikes organised by MyFerryLink workers over job uncertainties.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 1 2 3 4

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >