EIB Approves USD 224 Mn for Port Projects in Italy

civitavecchiaCivitavecchia Port. Image Courtesy: Pixabay under CC0 Creative Commons license

The European Investment Bank (EIB) has approved the financing of EUR 195 million (USD 224 million) for the expansion of the port of Civitavecchia and the construction of a new terminal at the port of Fiumicino. 

Under the project, large infrastructure works are planned in Civitavecchia such as the completion of works on the ferry docks and the extension of the breakwater as well as related road connections, according to a statement issued by the Port Authority of Civitavecchia Fiumicino and Gaeta.

In addition, the project will include the construction of a new fishing dock and the first phase of the new terminal intended for ferries, RoRo and cruise ships.

This is the largest loan awarded by EIB to a port authority in recent years, the port authority said.

The Port Authority of Civitavecchia Fiumicino and Gaeta is at the core of the logistics system linking Rome and central Italy to the rest of Europe and the Mediterranean.

World Maritime News Staff

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