The European Union and the European Investment Bank’s development arm, EIB Global, have signed a €34 million investment grant to support the rehabilitation and expansion of Cabo Verde’s main ports and its principal shipyard under the Global Gateway initiative.
The grant complements €114 million in EIB financing signed in 2024 with the Republic of Cabo Verde, bringing the total concessional financing package to around €148 million. The funding is aimed at enabling strategic investments in port infrastructure critical to the island nation’s connectivity and economic development.
The programme is expected to strengthen Cabo Verde’s maritime transport system, a vital lifeline for inter-island trade and mobility, while improving logistics efficiency and reducing emissions across the archipelago. By upgrading port and shipyard facilities, the initiative will support economic growth, sustainable tourism and the country’s broader climate and development objectives.
Planned investments include the expansion of Porto Grande in Mindelo, featuring a new breakwater and quay, increased container handling capacity, and modernised cargo and fisheries infrastructure. Environmental measures will include the installation of onshore power supply at the Mindelo cruise terminal and solar energy systems across several ports.
The project aligns with the EU–Cabo Verde Multiannual Indicative Programme 2021–2027 and the Team Europe initiative “To Green Cabo Verde”.