{"id":19780,"date":"2026-01-16T05:05:25","date_gmt":"2026-01-16T04:05:25","guid":{"rendered":"https:\/\/maritimafrica.com\/en\/?p=19780"},"modified":"2026-01-26T05:09:03","modified_gmt":"2026-01-26T04:09:03","slug":"eib-global-signs-e34-million-eu-grant-to-support-sustainable-ports-in-cabo-verde-under-global-gateway","status":"publish","type":"post","link":"https:\/\/maritimafrica.com\/en\/eib-global-signs-e34-million-eu-grant-to-support-sustainable-ports-in-cabo-verde-under-global-gateway\/","title":{"rendered":"EIB Global signs \u20ac34 million EU grant to support sustainable ports in Cabo Verde under Global Gateway"},"content":{"rendered":"<p><a href=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2026\/01\/2L9A2007.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19781\" src=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2026\/01\/2L9A2007.jpg\" alt=\"\" width=\"900\" height=\"600\" srcset=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2026\/01\/2L9A2007.jpg 900w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2026\/01\/2L9A2007-300x200.jpg 300w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2026\/01\/2L9A2007-768x512.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/a><\/p>\n<ul>\n<li style=\"text-align: justify;\"><strong>\u20ac34 million EU grant, managed by EIB Global, to finance more sustainable port infrastructure<\/strong><\/li>\n<li style=\"text-align: justify;\"><strong>Joint EU-EIB investment to strengthen Cabo Verde\u2019s maritime sector, cut emissions and boost connectivity<\/strong><\/li>\n<li style=\"text-align: justify;\"><strong>Part of Cabo Verde Blue Economy Sustainable Ports Facility, a flagship Global Gateway initiative<\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The European Union (EU) and its bank, the European Investment Bank (EIB Global), have signed a 34 million euros investment grant to support the rehabilitation and expansion of Cabo Verde\u2019s main ports and its main shipyard. This new grant complements 114 million euros in EIB financing signed in 2024 with the Republic of Cabo Verde. Together, the funding forms around 148 million euros on concessional financing package to enable strategic investments in port infrastructure.<\/p>\n<p style=\"text-align: justify;\">These investments will enhance Cabo Verde\u2019s maritime transport system, a critical lifeline for the island nation, while improving inter-island connectivity and reducing emissions across the archipelago. By upgrading port infrastructure and shipyard facilities, the project will support economic growth, sustainable tourism, and the country\u2019s broader climate and development goals.<\/p>\n<p style=\"text-align: justify;\">The programme includes the expansion of Porto Grande in Mindelo, with a new breakwater and quay, enlarged container handling capacity, and modernised infrastructure for cargo and fisheries. Environmental investments include the installation of onshore power supply at the Mindelo cruise terminal and solar energy systems across several ports. The programme supports the modernisation of Palmeira Port, enabling the reception of larger vessels, improved environmental management, and better conditions for the safe and efficient landing of fish, directly benefiting local fishers and the value chain. It also supports the expansion of \u201cPorto Novo\u201d Port to strengthen inter-island and international maritime connectivity. The rehabilitation of CABNAVE is in the pipeline, alongside potential port investments in port of Praia.<\/p>\n<p style=\"text-align: justify;\">\u201cThis investment for sustainable ports will transform how Cabo Verde connects its islands, serves its communities, and trades with the world,\u201d said\u00a0<strong>EIB Vice-President Ambroise Fayolle<\/strong>, who oversees the Bank\u2019s operations in the country. \u201cIt shows how EIB Global and the European Union are working together to deliver lasting impact, improving connectivity and strengthening resilience across the islands.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>Sylvie Millot,\u00a0the\u00a0EU Ambassador<\/strong>\u00a0to Cabo Verde said: \u201cThis strategic investment is modernising key ports and the country\u2019s main shipyard, strengthening inter-island connectivity \u2014 a true lifeline for the Cabo Verdean population \u2014 while promoting territorial and social cohesion, access to healthcare, educational services, and the country\u2019s overall economic growth.\u201d<\/p>\n<p style=\"text-align: justify;\">\u201cThe blue economy, and ports in particular, are central pillars of this strategy, given their importance for connectivity, competitiveness, trade, tourism and Cabo Verde&#8217;s integration into regional and global value chains. This funding demonstrates that we are talking about an economy with real growth potential, capable of participating actively and competitively in the global economic system. But above all, it demonstrates that our partners believe in our ability to transform investment into concrete results for people\u201d said\u00a0<strong>H.E. Olavo Correia, Deputy Prime Minister and Minister of Finance of Cabo Verde<\/strong><\/p>\n<p style=\"text-align: justify;\">The project is fully aligned with the EU\u2013Cabo Verde Multiannual Indicative Programme 2021\u20132027 and the Team Europe Initiative \u201cTo Green Cabo Verde\u201d. It also supports the Praia\u2013Dakar\u2013Abidjan multimodal corridor identified by the EU as a strategic link under Global Gateway. At national level, it contributes to Cabo Verde\u2019s Strategic Plan for Sustainable Development (2022\u20132026), especially in improving blue economy infrastructure and supporting inclusive, climate\u2011resilient growth.<\/p>\n<p style=\"text-align: justify;\">Through EU Global Gateway investments, of more than 400 million euros, the EU in Cabo Verde delivers high-impact projects that strengthen digital connectivity, accelerate the energy transition, and unlock the blue economy, positioning the country as a resilient regional hub through a long-term, trusted partnership with Europe.<\/p>\n<p>Source : EIB<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u20ac34 million EU grant, managed by EIB Global, to finance<\/p>\n","protected":false},"author":1,"featured_media":19781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,2088,442,1921],"tags":[1493,2089,2687,31,32,1485,1297,1388,75,45],"class_list":["post-19780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en","category-cabo-verde","category-news-en","category-ports-harbours","tag-africa-en","tag-cabo-verde","tag-daily-news","tag-maritimafrica","tag-maritime","tag-maritime-in-africa","tag-maritime-industry-en","tag-news","tag-ports","tag-shipping-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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