EIB Funds for Development of Poland Seaports
- Business & Finance
The European Investment Bank (EIB) has provided a loan worth approximately EUR 38 million to Szczecin and Świnoujście Seaports Authority to improve the seaports’ nautical access and quay infrastructure.
According to the Minister of Maritime Economy and Inland Navigation, Marek Gróbarczyk, this financial support will enable the improvement of the access infrastructure to the port, safer navigation and better environmental protection.
Today’s loan is a part of a larger framework financing program agreed by the EIB and the Polish government last year and amounting to some EUR 298 million.
This program is expected to support employment in the Polish seaports, and, more importantly, in the industries depending on them for efficient logistics and production. The maritime infrastructure investments are expected to catalyze further investments from the private operators and concessionaires in TEN-T seaports.
The seaports in Szczecin and Świnoujście are part of the Baltic-Adriatic core network corridor within the multimodal TEN-T Core Network. The corridor extends via Poland, the Czech Republic and Slovakia and through eastern Austria to the Slovenian port of Koper and the Italian ports of Trieste, Venice and Ravenna.