Sweden: EU to Invest in Port of Stockholm Redevelopment
- Business & Finance
The European Union will co-finance with over €14 million from the TEN-T Programme, a project to revamp the infrastructure of the Port of Stockholm in Sweden and contribute to the realisation of the “Nordic Triangle” (TEN-T Priority Project 12).
The project, which was selected for funding under the 2012 TEN-T Annual Programme, concerns the redevelopment of Stockholm’s inner city port facilities in the Värta-Frihamnen area. It targets the expansion of Värtahamnen pier to create an efficient, modern and environmentally-friendly facility for both passenger and freight transport.
The pier will be extended and renovated, the existing railway line will be upgraded and a new terminal will be built.
Once finalised, the project will boost the long-term efficiency and sustainability of the Port of Stockholm and contribute to eliminating one of the most serious bottlenecks on Priority Project 12.
Press Release, March 25, 2014