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    Reference: 20180128
    Release date: 22 November 2022

    Promoter – Financial Intermediary




    Improvement of the maritime accessibility and extension of the breakwater of the Port of Leixões in the North of Portugal.

    Additionality and Impact

    The project improves the maritime access of a Core TEN-T port and allows the further development and expansion of the port. The project will increase the efficiency and safety of port operations and allows larger vessels to enter the port. The availability of high quality port facilities that can accommodate deep sea vessels and are well connected to the hinterland allows importers and exporters to optimise their supply chain and increases their competitiveness. The project supports a modal shift from more carbon intensive transport modes to maritime transport and reduces hinterland transport distances. The shift to more sustainable multi-modal transport chains reduces negative transport externalities like congestion, accidents and emissions in the wider region.

    EIB financing will contribute to diversify the company's funding sources and lengthen the average maturity of the company's debt, while providing the necessary flexibility to implement the project in terms of drawdowns and availability period.


    The project will enhance the maritime accessibility to the existing port facilities, allowing bigger vessels to call at the port, reducing waiting times and, consequently, alleviating operational and safety constraints. The project will also allow a further development of the outer port. The project will contribute to the competitiveness of the port and of the region, and foster a more sustainable growth.


    Proposed EIB finance (Approximate amount)

    EUR 60 million

    Total cost (Approximate amount)

    EUR 190 million

    Environmental aspects

    Compliance with the SEA Directive 2001/42/EC, the EIA Directive 2014/52/EU amending the EIA Directive 2011/92/EC, the Habitats Directive 92/43/EEC, the Birds Directive 2009/147/EC, the Water Framework Directive 2000/60/EC, as well as biodiversity assessment requirements, climate change adaptation issues, mitigation/compensation measures and environmental and social monitoring plans, will be assessed during appraisal and/or allocation phase for each project component, whenever applicable.


    The Bank will require the promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU, where applicable, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU (OJEU), as and where required. The main works contract has been announced in the OJEU under reference 2019/S 040-089352.


    Signed - 25/05/2023

    Under appraisal
    21 December 2022
    25 May 2023


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Portugal Transport