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Ferrol Port Seeks Help To Cover Costs Of Energy Transition

Ferrol port seeks help to cover costs of energy transition

Ferrol, Spain (PortSEurope) May 13, 2021 – The president of the Ferrol-San Cibrao Port Authority held a meeting in Madrid with his counterpart in Puertos del Estado. Indalecio Seijo Jordán thanked Francisco Toledo and his team for their cooperation. He underlined the need to compensate for the loss of income caused by the abrupt acceleration of the energy transition. Puertos del Estado is a state-owned organisation responsible
for the management of state-owned ports. Energy transition left Ferrol, earlier than initially expected, without an annual traffic of approximately 4.5 million tons of coal. Subsequently, the task of payment of the work of the railway access to the outer port was complicated. Without external help, this could plunge the Port Authority into financial difficulties in the short and medium term, its president warned. For years, the institution has faced the obligatory repayments of the loan signed with the Official Credit Institute (ICO) to complete the works of the outer port and the credits received from the Ministry of Industry, to support the reindustrialization. As of 2023, it will also have to return, in full, the almost €80 million for the railway to Caneliñas obtained from the Financial Fund for Port Land Accessibility, as it is denied the possibility of availing itself of the Recovery and Resilience Mechanism. Seijo Jordán highlighted that with this important contribution to the objectives of decarbonization of the economy, it seems logical that they are being supported. Likewise, he valued the contribution of the body that presides over the economies of Ferrolterra and A Mariña. He also informed Toledo of the efforts initiated to diversify traffic both in the Ferrol docks and in those of San Cibrao. He was also a participant in the execution of the work of the railway to Caneliñas and the interest shown by various companies in developing projects at the institution’s facilities, some of them linked to offshore wind and green hydrogen. Source: Autoridad Portuaria de Ferrol-San Cibrao (APF – Port Authority of Ferrol) Copyright (C) PortSEurope. All Rights Reserved. 2021.

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