en.Wedoany.com Reported - The Port Authority of Bilbao (APB, Spain) released its financial report for the first half of 2026, showing a profit of €39.8 million, an increase of 6.4% compared to the same period last year.

According to the APB official website, the authority currently has €69 million in bank loans and €85 million in cash reserves, a financial foundation that supports its ongoing investment plan. APB stated that its solid financial position enables it to advance strategic investments in areas such as energy transition, infrastructure, multimodal transport, digitalization, innovation, and port-city integration, while adhering to the principles of financial and management autonomy.

The announcement noted that the port authority has signed a green loan of up to €80 million with the European Investment Bank (Climate Bank), which will be drawn down gradually based on investment progress. Additionally, APB has received €34 million in subsidies from competitive projects under the European Commission to promote the BilbOPS project, which involves terminal electrification, decarbonization, innovation, and energy infrastructure construction.

APB stated that the port authority supports corporate competitiveness through incentive measures, including a 50% discount on ship tonnage taxes for vessels that are the first to use alternative fuels (liquefied natural gas and hybrid ships) or low-emission technologies while staying in port.