The European Community (EC) has announced details of a first tranche of transport infrastructure projects aimed at streamlining shipping connections across EU member countries and links with its near neighbours.
Quoting an official statement, LR-Fairplay said the €500 million (Us$750 million) package was a vital part of efforts to stimulate international trade during the recession.
LR-Fairplay said dredging and reclamation work to support the integrated multi-modal London Gateway port and logistics development in the Thames estuary (€14 million) was included in the funding effort; as are port infrastructure work in Malmö Northern Harbour in Sweden (€5.9 million); dredging at Venice-Marghera port to improve access from the Adriatic (€3.9 million); and upgrades for the rail link between Felixstowe and the English Midlands (€9 million).
Quoting an official statement, LR-Fairplay said the €500 million (Us$750 million) package was a vital part of efforts to stimulate international trade during the recession.
LR-Fairplay said dredging and reclamation work to support the integrated multi-modal London Gateway port and logistics development in the Thames estuary (€14 million) was included in the funding effort; as are port infrastructure work in Malmö Northern Harbour in Sweden (€5.9 million); dredging at Venice-Marghera port to improve access from the Adriatic (€3.9 million); and upgrades for the rail link between Felixstowe and the English Midlands (€9 million).