New deadline for Europa Platform
Livorno Port Authority has pushed back the deadline for submission of applications to participate to the project financing for the design, construction and operation of its new deep-water container terminal, Europa Platform, to December 15, at the request of potential bidders.
The new deadline will give potential bidders more time to digest the enormous financial effort needed to construct Europa Platform, which is expected to cost €800m, with the private operators providing more than €300m.
The concession for the new 2m teu container terminal is for 60 years, and would require the winner to invest in a 1 km quay, container stacking yard, container handling equipment, buildings and workshops, internal roads, IT systems and connecting roads.
For this reason, interested bidders requested a two-month extension in order to further investigate the port’s financial data.
The previous deadline was scheduled for September 30.