26 June 2002 18:10 [Source: ICIS news]
FRANKFURT (CNI)--The European Union's (EU) fund for regional development and the government of the German state of North Rhine-Westphalia have agreed to share equally half of the estimated Euro50.4m ($49m) cost of building part of a trans-European propylene (C3) pipeline, the state economics ministry said Wednesday.
This stretch of the ChemVision pipeline would connect Duisburg’s Rhine river harbour with the ChemSite chemical park at Marl and would be 42 kilometre in length. Construction is due to begin in early 2003, with completion scheduled for the end of 2004.
The next German link would connect Duisburg with chemical production sites in the Cologne area and would continue from there to the German-Belgian border near Aachen.
Economics minister Ernst Schwanhold said the state will finance this part of the project alone and already has set aside funding.
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