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.
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