In a report by the European Court of Auditors (ECA) published on Friday 23 September, investment in the European port sector is described as ineffective, unsustainable and much of it lost.
The figures speak for themselves and reflect the results published for European regional airports (see EUROPE 11219). In the 19 ports re-audited following a similar report in 2012, of around €2.5 billion invested in the form of subsidies or loans between 2000 and 2013, no less than €503 million was...