Madrid, Spain (PortSEurope) July 28, 2017 – El Fondo Financiero de Accesibilidad Terrestre Portuaria (Financial Fund for Port Accessibility), in the meeting held yesterday in Madrid, has unanimously approved 53 projects to be financed from fund, an investment of €559.7 million ($655.59 million). Of the 53 actions approved for the budget, 2/3 correspond to actions to improve general purpose transport networks carried out by other
authorities, which amount to €251.1 million ($294.12 million). Rail projects continue to account for most of the planned investment, although improvements road accesses are included, reaching a total of 15 investments, with the Fund covering €48.5 million ($56.81 million). The Financial Fund for Port Accessibility, an instrument to accelerate the construction of land access to ports, considers adequate connectivity as a strategic factor for the Spanish economy, was created in 2014, and allows ports to participate in the financing of road and rail connection projects outside its service area, enhances the competitiveness of ports, favours intermodal transport of road and rail goods and the sustainability of the transport system. Source: SpanishPorts Copyright (c) PortSEurope. All Rights Reserved. 2017.
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