New era for Gdańsk

On 23 July, a lease for a new port area was awarded to DCT Gdańsk S.A., comprised of PSA International (40%), the Polish Development Fund (30%) and IFM Global Infrastructure Fund advised by Australian IFM Investors (30%).

DCT Gdańsk is the largest container terminal on the Baltic Sea. Since the start of its operations in 2007, two deep-water quays (T1 and T2 – launched in 2007 and 2016 respectively) have been built with a total capacity of 3m TEUs. The new Baltic Hub 3 container terminal will be sustainably built on the site, located east of the existing T1 berth. The development is expected to bring investment into the region of 2 billion PLN (about €450m).

“Investments such as Baltic Hub 3 strengthen the position of the Polish economy,” said Marek Gróbarczyk, Poland’s deputy minister of infrastructure. “The third deep-water quay will be 717-metre-long with a depth of 18.0m and 36 hectares of yard will be built, able to handle an additional 1.5 million TEU per year. The investment is worth approximately 2 billion PLN.”

The construction is planned to start in 2Q 2022 and Baltic Hub 3 is scheduled to be operational by mid-2024.

Charles Baker, CEO of DCT Gdańsk, said: “With the construction of Baltic Hub Terminal 3, Poland can continue to compete with western European ports such as Hamburg and Rotterdam. Adding a third quay will allow the terminal to serve not only the Polish market, but also the entire Baltic region and Poland’s land-locked neighbours.”