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Port of Le Havre seeks €500M for investments

Buoyed by its good results for 2017 (WorldCargo News, February 2018, p22), HAROPA Le Havre has come up with ambitious development plans

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The port’s turnover increase 1,5% last year to €180.5M last year. Showing how far the port has moved away from the former "tool and operating port" model, just €6.6M came from port operations, with €53.3M coming from leases and €120.6M from port dues. Cash flow came to €41.6M, exceeding the target set in the 2014-10 Strategic Plan by €1.6M.

Meanwhile, approved subsidies for port development for the period 2015-2020 total €115M. On top of this HAROPA Le Havre wants to invest a further €500M by 2020, to bring the total to €610M, viz:

 

- maintenance and upgrades €110M

- Grade separation at La Brèque rail/road (A29) crossing - €35M

- Parc Frigo (PLPN 3) - €15M

- Wind energy developments - €57M

- Extending ro-ro terminal - €33M

- Completion of Port 2000 and Atlantic project - €235M*

- The "cat flap" - €125M**

- Cruise terminal – under planning

 

* response to expected further growth in container traffic

** new route for barge services

 

The funding currently available is insufficient to implement the whole scheme. Subject to its Supervisory Board approvals for the scheme, HAROPA Le Havre will thus look for additional subsidies, especially to the European Commission, and will work on prioritisation and phasing of the projects according to the financial capacity that is available.

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