Transport | Tags | Econostrum | Economic News in the Mediterranean

The European Commission accepts the renewal of a French aid to passenger transport companies

09/15/2022 | Society / Institutions

FRANCE. The European Commission has given the green light to the reintroduction of a French scheme to support maritime passenger transport companies for a maximum amount of €90 million.

European Commission, European Union, France, shipping companies, state aid, transport

Air France-KLM in the front row for the privatization of the ex-Alitalia which became ITA Airways

09/01/2022 | Society / Institutions

ITALY / FRANCE / UNITED STATES. The Italian Ministry of Economy opened exclusive negotiations with the American investment fund Certares, associated with the airlines Air France-KLM and Delta Air Lines, for the partial takeover of ITA Airways.

Croatia regains territorial continuity with new bridge

08/16/2022 | Transport

CROATIA. Thanks to the inauguration of the Pelješac bridge, tourists and Croats from the North are no longer obliged to use a small strip of Bosnia-Herzegovina territory to reach the South of the country, particularly Dubrovnik.

Egypt launches high-speed rail with Siemens Mobility

05/31/2022 | Transport

EGYPT. Thanks to the signing of an €8.1bn contract with Siemens Mobility, Egypt will have a 2,000km high-speed rail system serving sixty cities across the country.

Egypt's new international airport to open in July 2022

05/20/2022 | Society / Institutions

EGYPT. According to the Egyptian Ministry of Civil Aviation, the country's new international airport, Sphinx International, will be operational by mid-July 2022.

Air Sphinx, airport, Alexandria, Alexandria Borg El Arab, Aswan, Cairo, Egypt, EgyptAir Express, Fly Jordan, GEM, Giza, Hurghada, Luxor, New Cairo, Sharm el-Sheikh, Sphinx, Sphinx International, tourism, transport

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.