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More money for Lower Saxony’s ports

HANNOVER. Ports in Lower Saxony could expect to receive more financial support from the state over the coming years. This goal is found in the new coalition’s agreement signed by Lower Saxony’s SPD and Green parties in early November. In order to ensure more funds, the state wants the Port Financing Act to be amended such that NPorts, the port management company, will have “additional financing options” for investment. With the additional sources of “funds for major needs-based special programmes for implementing major projects”, the government in Hanover will “ensure the development of industrial policy”. The goal is to increase support for the work carried out by Seaports of Niedersachsen. According to the contract, the port marketing company will continue to be funded. Furthermore, the new government intends that inland waterway transport plays a greater role in seaport hinterland traffic. It is also a declared goal to expand the inland ports of Lower Saxony to trimodal logistics hubs.

Credits: ARNDT

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