SAFMARINE OPTS FOR LA LUZ
Las Palmas-based La Luz Container Terminal which covers an area of 20,000 sq m, has signed an agreement to handle transhipment traffic on behalf of Maersk affiliate Safmarine. Three of the companys services linking northern Europe with West Africa will henceforth call at the terminal which should amount to annual traffic of 10,000TEUs.
Loans from the EIB worth up to €3bn will fund projects under the state’s Port Development Strategy until 2015. Any Greek port can apply to join the upgrade programme, provided they have a viable development plan and 50% of the necessary funds. The 25-year arrangement has a grace period of seven years and a 3% interest rate without state guarantees.
Significantly, Safmarine has traditionally transhipped boxes at the rival Opsca terminal in Las Palmas which will nevertheless continue to handle some of the line’s traffic.
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