EU backs Theemswerg route construction
Published by Jessica Casey,
Editor
Dry Bulk,
On 16 July 2020, the EU announced that it was backing the construction of the Theemsweg route to the tune of almost €9 million in additional funding. The money comes from a European programme aimed at establishing a single cross-border network for land, water and air transport within the EU.
In the Rotterdam port area, the Port of Rotterdam Authority and ProRail are rerouting the port railway line over a length of approximately 4 km to form what will be known as the ‘Theemsweg Route’. The new route forms part of the Betuwe Route, which connects the western port area with the hinterland.
The new section of line will cost approximately €300 million. The EU had already made €62 million in subsidies available for the construction work.
Read the article online at: https://www.drybulkmagazine.com/ports-terminals/20072020/eu-backs-theemswerg-route-construction/
You might also like
Star Bulk announces vessel sale and repurchase of common shares
The company expects to record a gain on sale of the vessel of approximately US$7.7 million during the 3rd quarter of 2024.