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BCT clinches US$36m loan
Baltic Container Terminal (BCT) in Gdynia has concluded arrangements with Bank Austria Creditanstalt AG (BA-CA) and Bank BPH (BPH), both members of the HVB Group, for a US$36m term loan facility to be used in conjunction with the initial phases of BCTs capacity expansion programme. The loan facility will help realise capacity expansion, now underway, from a level of 350,000 to 600,000TEUs/yr.
Germany’s DVD Bank is also participating in the transaction in syndication.
Jan Mors, BCT executive vice-president, said: “The completion of these financing arrangements puts us precisely on schedule to continue the capacity expansion build-up at BCT, which will eventually see annual throughput capacity at the terminal more than double to around the million TEU per annum mark.
The loan facility will be used to acquire new quayside and yard cranes, upgrade existing cargo handling systems, introduce new mobile cargo handling equipment and install new IT systems incorporating many value-added features for the terminal’s customer base.
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