2018 June 13 16:04

EU bank backs Marseille Fos projects in €50 millions agreement

European Union institution the European Investment Bank (EIB) has renewed its partnership with leading French port Marseille Fos under a €50 million funding agreement to support five key development projects, the company said in its press release.
The projects, which require a total investment of €136 million, include connecting the two existing Fos 2XL deepsea container terminals via a mid-section to provide a continuous quay length of 2.6km. Due to start this summer, the extension will increase capacity by 15-20% and improve berthing for ultra-large boxships.