European Commission approves €27.4 million for Rom
The European Commission has approved Romania's plans to grant €27.4 million investment aid to the Port of Galați, the largest sea-river port in the country.
The total investment is €89.9 million co-financed by the Romanian State, private investors and the Connecting Europe Facility, a key EU funding instrument.
The project consists of building a new multimodal platform with a capacity of 150,000 TEU a year in an area called Port Bazinul Nou, including quay upgrades and building the required infrastructure to support an intermodal terminal.
The EC says the newly-created logistic node will promote a shift from road to railway and inland waterways/maritime transport on the Rhine-Danube Trans-European Transport corridor, fulfilling an objective of EU common interest.
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Reported by Miss Wren from Cargofee