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The investment needs of European port managing bodies will amount to around €80 billion for the next 10 years, according to the European Sea Ports Organisation (ESPO) – and ‘sustainability and the energy transition’ is now one of the most important investment categories, second only to the expansion of terminals, quays and basins.

The results of the ESPO Port Investment Study 2024 were officially launched at the organisation’s annual conference in Paris last week.

In a statement issued yesterday (29 April), the ESPO said that the study’s findings show why policymakers must ‘recognise the strategic importance of European ports and to provide a robust support framework that addresses the investment challenges they face’.

ESPO Secretary General Isabelle Ryckbost commented: ‘This updated Port Investments Study clearly shows that the changing and wider role of ports today comes with new and wider responsibilities and investment needs. It often means investment with a less predictable return on investment. As stated in our memorandum for the European elections, ports are ready to engage and be part of the solution. To live up to the tasks and responsibilities that are assigned to them in the new geopolitical and geo-economic context, ports need support.’

Click here to access the ESPO Port Investments study 2024.

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