Seville, Spain (PortSEurope) July 31, 2017 – Spanish interport compensation fund’s board of directors has unanimously approved a loan of €14 million ($16.5 million) to Seville port authority (Autoridad Portuaria de Sevilla) to finance the new direct rail access to the harbour.
This is the second loan granted through the Financial Fund for Port Terrestrial Accessibility (FFAT), an instrument created in 2014 to improve the land connectivity of ports.
The total cost of the project, which will be implemented over the next three years, amounts to €25.5 million ($30 million), of which €14 million euros are contributed by the port authority through the FFAT and the remaining €11.5 million ($13.5 million), by Spanish state-run railway operator Administrador de Infraestructuras Ferroviarias (ADIF) through the European Regional Development Fund.
Source: Diario del Puerto
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