Monday , 23 September 2019
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Marseille secures European investment
Marseille Fos CEO Christine Cabau Woehrel and EIB vice-president Ambroise Fayolle

Marseille secures European investment

The European Investment Bank (EIB), a European Union (EU) institute, has granted France’s Marseille Fos a €50m (US$59m) investment to support five projects.

The projects, which require a total investment of €136m (US$160m), include connecting the two existing 2XL deep-sea container terminals to provide a continuous quay length of 2,600 m, increasing the facility’s capacity by 15-20%.

Chrstine Cabu Woehrel, Marseille Fos CEO, said: “We now have the investment capacity to continue developing our infrastructure and to reinforce our international scope.

“This support addresses the interest of our port-industrial cluster in ensuring we have the means to attract the very biggest international investors to our territory.”

Other projects covered by the agreement include further development of the Feuillane logistics park and renovation of two ship refuelling stations.

The French port also announced that Maersk Line had added the facility to two of its services, the ME2 Western Mediterranean-Middle East service and the Med-Canada service.

Woehrel said: “This development comes at the right time to underline the dynamic growth of the Fos container terminals – up 10% in 2017, the sixth consecutive year of increase.”