Public investment and financial aid in port cities

  

After the first wave of cultural and social initiatives, port cities around the globe are presenting their plans for the post-covid recovery. The Maritime and Port Authority of Singapore has communicated a package of $27 million of financial support for companies, as well as for professionals training and employment support. In the USA, the ports of LA and Seattle have presented renewed infrastructural investments plan. In the case of LA, the port will invest $367million to reduce the impact on the local economy and employment, while in Seattle the plan includes $1.5billion in 20 projects, including also airport facilities. At the same time, in Spain, the ports of Valencia and Bilbao have followed a similar path. While in Valencia the port presented a financial aid package of €57,2 million to support local port companies, the port of Bilbao announced that their investment plan for 2020 will reach €67 million, to support the economy and employment creation.

➜  Safety4sea – Singapore, Safety4sea – Los Angeles, Port Technology – Seattle, Valencia Port, Bilbao Port

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