EU authorizes Flemish Financial Support

Wednesday, December 12, 2001
The European Commission has decided not to raise any objections to the Flemish authorities' plan to provide financial support for the construction of loading and unloading facilities along the Flemish inland waterways in Belgium The Flemish Region in Belgium will put into effect a five year aid scheme aiming at making inland waterways more accessible and developing their use for freight transport. The scheme will provide financial support for the construction of loading and unloading facilities along Flemish inland waterways through Public-Private-Partnerships. The public authority will contribute to the costs related to the infrastructure whereas the private partner will make all other necessary investments and develop new or additional transport tonnage on inland waterways. In no case the public support will be more than 50 percent of the overall construction costs. About 25 projects should receive public grants yearly. The Commission has decided not to raise any objections to the scheme. The envisaged measures are compatible with competition rules and the smooth functioning of the internal market. Inland waterway transport terminals require considerable investments in infrastructure (quays, road connections, dredging etc.). Public co-financing will encourage investment in this segment of the transport market. Moreover, the proposed measures are in line with the objectives of the European Union's common transport policy, which aims at fighting congestion and promoting environmentally friendly modes of transport with unused capacity, such as inland waterways. The Flemish aid scheme should contribute to integrate inland waterways into an intermodal transport chain and is thus in the Community's interest.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Workboats

Damen Unveils Multi-role Utility Vessel

Work is due to start shortly on the first of a new class of Damen utility vessel UV2410.   This multi-role platform is the result of extensive consultation with

Master Marine Delivers Z-drive Towboat to Marquette

Marquette Transportation Co. has taken delivery of a new 2,000-hp Z-drive towboat from Master Marine, Inc., Bayou La Batre, Ala.   The 78' x 34’ x11' vessel, St.

KOTUG Begins Operations in Mozambique

KOTUG Mozambique has begun exclusive port and terminal towage services with two Rotortugs in the new port of Nacala-a-Velha in northern Mozambique for Nacala Development Corridor (CDN),

Finance

STX Shipbuilding Likely to Enter Court-lead Restructuring

South Korean shipbuilder STX Offshore & Shipbuilding Co Ltd will likely need to enter court-supervised receivership due to financial difficulties, the firm's lead

Statoil Says Sees European Gas Prices Bottoming Out

Norway's Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply,

Baltic Index Down on Lower Demand for Larger Vessels

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday hurt by sluggish demand for large vessel sizes.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0706 sec (14 req/sec)