Tender for subsidized ferry routes till 2029

The Ministry of Shipping and Island Policy has proclaimed a tender with a fund of 668 cardinal euros for state-subsidized ferry routes concerning the adjacent 4 years.

The caller nationalist work contracts will present person a duration of 4 years, alternatively of the yearly ones they were up until now. That is, they will use from November 1, 2025 to October 31, 2029.

The conversion of the contracts to a four-year duration is expected to guarantee predictability for the campaigner contractors, reliability connected the routes, and visibility for shipping financiers, such arsenic banks, successful view of the financing that indispensable beryllium secured successful bid to proceed with the simplification of c dioxide emissions from ships.

The yearly subsidy grows 13%, from €148 cardinal today to €167 million, successful bid to respond arsenic overmuch arsenic imaginable to the operational needs of the coastal shipping network, which is present burdened with much costly fuels.

At the aforesaid time, the anticipation of utilizing and integrating caller vessels that will beryllium built by the ferry companies during the four-year play is foreseen, with the purpose of upgrading services, improving vigor efficiency, and reducing the biology footprint.

Therefore, the renewal of the fleet, sustainable development, and prime work to the islanders are supported, the ministry noted.