Europe Ports Have €80b Investment Needs For The Next 10 Years

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  • The European Sea Ports Organisation (ESPO) launched the results of the ESPO Port Investment Study 2024.
  • This study offers an extensive analysis of the investment pipeline and challenges faced by European ports.

The European Sea Ports Organisation (ESPO) has launched the results of the ESPO Port Investment Study 2024, which offers an analysis of the investment pipeline and challenges of European ports, reports Safety4sea.

Sustainability and energy transition

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 organization’s annual conference in Paris last week.

In a statement issued, the ESPO said that the study’s findings show why policymakers must ‘recognize 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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Source: Safety4sea