Transport | Tags | Econostrum | Economic News in the Mediterranean

Air France-KLM and CMA CGM to share air cargo capacity

05/19/2022 | Transport

FRANCE. The merger between Air France-KLM and CMA CGM will allow the pooling of their cargo networks and the capacities of their respective all-cargo aircraft.

Four airports from Mediterranean countries make it into the Top 10 of international air traffic

04/12/2022 | Society / Institutions

MEDITERRANEAN. The Mediterranean countries are doing well in the international traffic segment by placing five of their airports in the Top 10 of the world airports ranking published by ACI World.

European Commission validates €120m state aid for Spanish carriers

03/22/2022 | Transport

SPAIN. The European Commission authorises a Spanish State aid scheme worth €120 million to encourage the transfer of freight transport from road to sustainable rail.

EU, European Commission, European Union, FFR, freight, Margrethe Vestager, rail, Recovery and Resilience Facility, road, Spain, transport

Olympia Odos wins the extension of the Athens-Korinthos-Patras motorway

03/22/2022 | Society / Institutions

GREECE / FRANCE. Olympia Odos, a 29.9% subsidiary of the French company Vinci Concessions, has won the tender for the extension to Pyrgos of the Athens-Patras motorway, for which it already holds the concession.

A8, Aktor Concessions, Athens, Avax S.A., France, Gek Terna, Greece, Hochtief PPP Solutions GmbH, infrastructure, motorway, Nicolas Notebaert, Olympia, Olympia Odos, Patras, Peloponnese, Pyrgos, transport, Vinci, Vinci Concessions

French regional airports more resilient in 2021 than Parisian tarmacs

03/15/2022 | Transport

FRANCE. Due to Covid-19, the 2021 traffic of French airports is up 29.5% compared to 2020, but down 57.7% compared to 2019 according to figures published by the Union of French Airports and Associated Francophones (UAF & FA).

Allianz Real Estate adds eight logistics sites to its Italian portfolio

03/08/2022 | Transport

ITALY. Allianz Real Estate, on behalf of several of its subsidiaries, signed an agreement on Tuesday 8 March 2022 to purchase eight logistics facilities in Italy for €91m.

Alexander Gebauer, Allianz Real Estate, Donato Saponara, Europe, ILF, Italian Logistics Fund, logistics, Milan, Modena, Novara, Perugia, real estate, transport, Venice, Vicenza

Italian passenger rail operators to receive €687m in aid

03/03/2022 | Transport

ITALY. The European Commission authorises the Italian aid scheme to compensate commercial rail passenger transport operators for the damage caused by the Covid-19 pandemic.

compensation, Covid-19, European Commission, Italy, pandemic, rail transport, transport

SNCF divorces Renfe over fast lines between France and Spain

02/17/2022 | Transport

FRANCE / SPAIN. The SNCF has unilaterally decided to break off its agreement with its Spanish colleague Renfe for the joint service of fast trains between France and Spain.

Artesia, Barcelona, Basque Country, Covid-19, Elipsos, Florence, France, Gare de Bercy, Grand Est, Hauts de France, London, Lyon, Madrid, Manuel Leza, Manzoni, Marseille, Milan, Ouigo, Palatino, Paris, Renfe, Rome, SNCF, Spain, Stendhal, TER, Toulouse, train, transport, Trenitalia, Turin, Venice

The EU releases €1.6 billion to support the green and digital transition in Morocco

02/10/2022 | Environment

MOROCCO / EU. As part of its new Global Gateway strategy launched in December 2021, the European Union will invest €1.6 billion in the green and digital transition in Morocco.

Morocco to reopen its airspace

01/31/2022 | Transport

MOROCCO. After two months of closure to limit the arrival of the Omicron variant of Covid-19, Morocco has decided to reopen its airspace to flights departing from and arriving in the country as of Monday 7 February 2022.

Covid-19, Moroccans living abroad, Morocco, MRE, Omicron, tourism, transport

The Port of Marseille reaches 1.5 million containers transported in 2021

01/18/2022 | Society / Institutions

FRANCE. The Grand Port Maritime de Marseille-Fos will post good results in 2021, proving its resilience in a very turbulent transport world, even if most segments are still down on 2019.

Two Egyptian ports closed due to bad weather

01/11/2022 | Society / Institutions

EGYPT. The Alexandria Port Authority announces the closure of the two Egyptian ports of Alexandria and El-Dekheila due to bad weather conditions.

Alexandria, Alexandria port Authority, Egypt, El-Dekheila, maritime transport, Tarek Shaheen, transport

The Suez Canal achieves a historic turnover in 2021

01/04/2022 | Transport

EGYPT. With more than fifty-six ships paying a right of passage in 2021, the Suez Canal Authority has recorded a record turnover of $6.3bn.

Allianz, Egypt, Ever Given, Evergreen, Georges Safwat, maritime traffic, maritime transport, Mediterranean, Red Sea, SCA, Suez Canal, Suez Canal Authority, transport

The EIB lends €300m to "green" the port of Genoa

12/14/2021 | Society / Institutions

ITALY. The European Investment Bank is granting a framework loan of €300 million to the Autorità di sistema portuale del Mar Ligure occidentale to accompany investments in the port of Genoa.

Autorità di sistema portuale del Mar Ligure occidentale, EIB, European Investment Bank, FuoriMuro, Gelsomina Vigliotti, Genoa, Italy, Liguria, port, Port Infrastructure Fund, portuary, Pra', Savona, Supplementary Fund of the Recovery and Resilience Mechanism, transport, Vado Ligure

Alstom to upgrade Cairo metro for €876m

11/09/2021 | Transport

EGYPT / FRANCE. The Egyptian National Authority for Tunnels awards the contract for the modernisation of line 1 of the Cairo metro, with the delivery of fifty-five Metropolis trains, to the French company Alstom.

Iberia and Repsol fly Madrid-Bilbao on green fuel

11/04/2021 | Transport

SPAIN. An Airbus A320neo of Iberia made a regular flight from Madrid to Bilbao with green fuel produced from waste and residues, mainly cooking oil. In Europe, the aviation world is trying to substitute sustainable aviation fuel for paraffin.

The EBRD finances the training of 80 young Egyptians in metro maintenance

10/14/2021 | Transport

EGYPT. The European Bank for Reconstruction and Development is collaborating with Hyundai Rotem Company to train eighty young Egyptian unemployed people in the maintenance of the rolling stock of line II of the Cairo metro.

Cairo, EBRD, Egypt, European Bank for Reconstruction and Development, Hyundai Motor, Hyundai Rotem, Kamel al-Wazir, metro, National Egyptian Railway Industries Company, NERIC, rail transport, railway, transport

European Commission accepts €4bn recapitalisation of Air France

04/06/2021 | Transport

FRANCE. The European Commission has accepted the French government's plan to recapitalise Air France as part of its temporary framework for state aid during the Covid-19 period.

Air France, Air France-KLM, air transport, Bruno Le Maire, European Commission, France, Margrethe Vestager, Orly, Paris, transport

Morocco cancels all flights with France and Spain

03/30/2021 | Transport

MOROCCO / SPAIN / FRANCE. Moroccan authorities are suspending all flights to and from Spain and France and closing the borders of Ceuta and Melilla.

Air Arabia Maroc, air transport, Ceuta, coronavirus crisis, Covid-19, Melilla, Moroccan Ministry of Tourism, Morocco, Royal Air Maroc, Spain, tourism, transport

Alstom wins €1.4bn contract to supply 152 trains to Spanish operator Renfe

03/29/2021 | Transport

SPAIN / FRANCE. Alstom announces the signature of a contract worth more than €1.4 billion with Renfe, the Spanish rail operator, for the supply of 152 high-capacity trains from its X'Trapolis range.

Alstom, Barcelona, France, Gian Luca Erbacci, Madrid, rail transport, Renfe, Santa Perpètua, Spain, Stadler, transport, X'Trapolis