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Article: EIB LOAN FOR PORT OF BARCELONA EXPANSION SCHEME.(Brief Article)
- Article from:
- European Report
- Article date:
- June 6, 2001
CopyrightCOPYRIGHT 2001 Europolitics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The European Investment Bank (EIB) announced a credit facility of Euro 250 million (ESP 41 600 million) made available to the Autoridad Portuaria de Barcelona (Barcelona Port Authority). The funds target major extension works designed to increase the transport potential of this major Mediterranean gateway. This infrastructure scheme entails diversion of the Llobregat River so as to permit further expansion of the port southwards. It also calls for several kilometers of breakwater and construction of a container terminal on land reclaimed from the sea together with extensive coastal protection and environmental works. Designed to double the port's capacity, the new ...