Promotion: the Venice Port Authority takes part in the 2nd edition of the Economic and Financial Forum for the Mediterranean
The Mediterranean is gradually becoming the centre of international and European maritime traffic for the Europe-Asia routes crossing the Suez Canal.
Indeed, over the next two years, the growth expected in the Mediterranean exceeds the forecast for Europe: 4.5% against 1.8% in the EU (FMI forecasts). The growth potential for economic and trade relations between the two rims of the Mediterranean arising from the future establishment of a Euro-Mediterranean free trade area will nevertheless require suitable infrastructure and transport services.
The Mediterranean, and especially its Eastern regions, already represent the main reference area for exchanges with the Port of Venice. A series of investment initiatives enabled the Venice Port Authority to step up the capacity of its infrastructure and raise the quality of services offered. Recent investments include the new Motorways of the Seas Terminal which is being built at Fusina using the project financing tool. The new terminal will serve passengers, cargo and vehicles and will allow the establishment of new Mediterranean routes.
In the framework of bilateral co-operation initiatives between Italy and Egypt (“Green Corridors”), the Venice Port Authority strongly encouraged the creation of the express Ro Pax line Venice–Tartous (Syria)–Alexandria (Egypt) that started on 20 May and is operated by Visemar. The line was launched in just seven months thanks to the direct involvement of the Italian, Egyptian and Syrian Governments, of the ports of Tartous and Alexandria, of the private sector and other bodies (Italian Customs Agency, Harbourmasters).
The initiative has shown how important the role of Public Authorities is in coordinating activities aimed at exploiting the opportunities of the EUROMED area.