North European and Mediterranean ports tussle for €12bn EU funding
Ports in Northern Europe and the Mediterranean are battling for share of a €11.9bn (US$15.2bn) EU fund, set aside for improving core transport connections and acting as the economic life-blood of the European single market.
While the budget, part of the Trans-European Transport Network (TEN-T) programme run by the European Commission (EC), is meant to target nine major transport corridors, two areas have been the most vocal – the North, particularly the Benelux and Germany, and the Southern/Mediterranean ports.
Under the new Connecting Europe Facility (CEF), EU financing for transport has tripled to €26bn (US$33.1bn) for the period 2014-2020. By 2030, the funds intend to connect 94 main European ports with rail and road links, and 35 cross border projects to reduce bottlenecks.
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