Published: 2020-02-18

Ystad secures loan for port expansion

Ports & terminals Ystad secures loan for port expansion

Photo: Port of Ystad

The European Investment Bank (EIB) signed a €41.75m loan with the Municipality of Ystad, which will allow the Port of Ystad to expand its harbour facilities in order to make it accessible by new, larger LNG vessels on the Swinoujscie-Ystad line.

The project, previously supported via the Connecting Europe Facility (CEF) fund, aims at increasing the capacity and upgrading the Port of Ystad facilities in order to accommodate larger ro-pax vessels. Works include the construction of two new, deeper, ferry berths at a new pier located in the outer port basin, with associated facilities in reclaimed areas located to the east of the new berths.

It also consists of dredging works in the existing outer basin of the port, the construction of a new breakwater south of the existing eastern breakwater, with a new reclaimed platform for future port activities expansion and the extension of the breakwater at the western part of the port.

The project is also expected to improve the climate performance of the port. Undertaken measures include the improvement of on-shore power supply (OPS) for berthed vessels, and a reduction of emissions by maneuvering vessels due to easier berthing.

Thomas Östros, Vice President, EIB, praised Ystad's importance as a key connection point for tourism and transport in Sweden. He also said, "As the climate bank of the EU, the EIB wants to provide finance to projects that seek to reduce the environmental impact of their operations, while keeping business going and stimulating sustainable growth and job creation. This project is spot on in all of those senses."

Björn Boström, CEO, Port of Ystad, added, "With this investment, Port of Ystad will soon be well prepared to further consolidate its position as the third largest ferry passenger port in Sweden. Now, in an even more environmentally friendly way."

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