Europe

Proof of the unwavering investor interest in ports,Deutsche Banks asset management arm has snapped up a 49% stake in the UKs second largest ports group Peel Ports for £ 750m.

Dragados-SPL, which belongs to the Spanish construction and services group ACS, has agreed a syndicated loan of ¢ 280m to refinance some existing debts and also to fund new investment.

An agreement between Associated British PortsPort of Ipswich and Solvay Chemicals will remove in excess of 100,000 lorry miles from the UKs roads annually.

The positive decision moves the project away from parliament and into the hands of the port authority and local, regional and national authorities, who will now focus on the land reclamation. The…

Nine companies are expected to bid for the new vehicle terminal at the Spanish Mediterranean port of Sagunto. Investment will total ¢ 2.88m and involve paving 120,000 sq m between Muelle Sur…

Among those bidding are Lubasa, Pavasal, Dragados,Midascón, Comsa, Elsan-Pacsa, Cyes, CHM and Construcciones/Valcomar. Container traffic at the Greek port of Piraeus amounted to 511,280 teu in the first two quarters of this…

Valencia port authority has awarded a contract to a joint-venture consisting of Ferrovial Agromán and Ocide Construcción in respect of the extension of Levante Quay at a cost of ¢ 12bn.