EIB Approves Financing of Port Projects in Italy

civitavecchia

The European Investment Bank (EIB) approved a €195 million (USD224.7 million) financing to the Centre-North Tyrrhenian Sea Port Authority for the expansion of the port of Civitavecchia, in the Italian capital, and the building of a ferry terminal in the port of Fiumicino.

According to data provided by the Port Authority of Civitavecchia Fiumicino and Gaeta, the project in Civitavecchia eyes construction of infrastructure, such as the completion of works on the ferry docks, the extension of the breakwater, and related road connections.

Meanwhile, the project in Fiumicino foresees building of the new fishing dock and the first phase of the development of a new commercial port serving ferries, RoRo and cruise ships.

The total expenditure for the projects is estimated at €515 million (USD593.4 million), while the funding consists one of the largest EIB grants in a port authority in the last years.

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