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EU CEF Allocates €3.5 Million To Venice Port Development

EU CEF allocates €3.5 million to Venice port development

EU CEF Allocates €3.5 Million To Venice Port DevelopmentSource: Porto di Venezia

Venice, Italy (PortSEurope) July2, 2017 – The European Union’s Connecting Europe Facility (CEF) has allocated €3.5 million ($4 million) to increase traffic and enhance infrastructures at Venice port.

The port of Venice was awarded two projects out of 13 approved for Italy within the 2016 call for proposals of the CEF, out of a total 349 projects submitted. Moreover 35 projects of the 2016 call for proposals of the European “Adriatic-Ionian” Transnational Cooperation Programme (ADRION) were also selected, two of which concern Autorita’ di Sistema Portuale del Mare Adriatico Settentrionale (Northern Adriatic Sea Port Authority).

Over €2.6 million ($2.7 million) was approved within the Motorway of the Sea (MOS) project to co-finance the second basin of the Fusina Terminal (managed by Venice Ro-Port MoS S.C.p.A.), and studies to improve the nautical accessibility and development of the Adriatic corridor in partnership with RAM (Rete Autostrade Mediterranee – Mediterranean Motorway Network).

The EU has praised recent developments of the Fusina terminal, its role as a crucial hub of the Motorway of the Sea Patras-Venice and its intermodal connections to northern Europe. Enhancing the terminal capacities and its nautical accessibility are the reasons given by the European Commission to grant the cofinancing that will allow the terminal to double its capacity by 2020.

The project coordinator is Autorita’ di Sistema Portuale del Mare Adriatico Settentrionale, together with the other partners – Venice Ro-Port MoS, Patras Port Authority, RAM (Italian Transport Ministry), Grimaldi Euromed and Kombiverkehr.

The total value of the public-private investment is of over €10 million ($11.42 million – 30% cofinancing).

The second project is URSA MAJOR NEO and the lead partner is the German Ministry of Infrastructures and Transport together with the Italian and Dutch Ministries. The project aims at developing an ITS platform (Intelligent Transport Services) at a European level for the improvement of the management of road traffic along the European multi-modal corridors with the objective of integrating the IT systems of the various players. The Port of Venice is involved for a total budget of €480,000 ($548,350) for the improvement of the port’s road accessibility. The total value of the project (for Italy, Germany and the Netherlands) is almost €150 million ($171.36 million), 20% of which co-financed by EU.

Thirdly, the port of Venice was awarded with two projects of the 2016 call for proposals of the European “Adriatic-Ionian” Transnational Cooperation Programme (ADRION). Its “New Brain” and “Supair” projects will have a duration of two years and a half and aim at promoting port cooperation in the Adriatic-Ionian area. Total budget for Venice equals to €360,000 ($411,260) for the development of new multi-modal supply chains and the improvement of the sustainability of freight transport services.

Source: Porto di Venezia

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