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The European Investment Bank (EIB) and the Port of Esbjerg have signed a deal for a EUR 115 million investment aimed at expanding the port’s infrastructure.
The funds will be primarily used to deepen the navigation channel of the port so it can accommodate larger vessels, including naval forces.
In addition, a 57-hectare terminal will be constructed to provide a hub for the growing offshore wind energy industry in the North Sea.
“ This investment in the Port of Esbjerg is a critical move that will strengthen Denmark’s and Europe’s energy security and sustainability while increasing our collective defence capabilitie s,” said EIB Vice-President Ioannis Tsakiris . “ By improving the port’s infrastructure, we are enabling greater connectivity, supporting the development of renewable energy sources through the Bank’s REPowerEU initiative and ensuring new military uses .”
The signing follows approval by the Danish Coastal Authority to deepen Grådyb tidal inlet channel — the 21.6km long waterway from the North Sea to Esbjerg Harbor.
To make the channel deep enough for safe navigation, the port will dredge up to 3,702,000m³ of material from the entire fairway. The dredging material is to be used in other projects, such as the expansion of Esbjerg Harbor’s eastern part.
The project that will contribute to the shift from road to more sustainable short-sea shipping and rail transport is expected to start in October 2024.