EUROPE

PSA Sines kicks off further expansion project

11 years ago

Hot off the heels of the completion of Phase 2 development at Sines, PSA International has announced that it is to invest a further E40m in the Portugal terminal to boost capacity to 2.5m teu.

PSA Sines has invested over E225m since its concession started in 1999, taking the terminal to its current capacity of 1.7m teu.

The newest ‘Phase 2 plus’ expansion is planned to “cater to the ever more demanding operational requirements of our customers”, said PSA Sines.

David Yang, chief executive PSA EuroMed and the Americas, said: “PSA has always believed that Sines, with a deep water port strategically located at the crossroads of the North-South and East-West shipping lanes, offers a unique opportunity for the successful development of a best-in-class container terminal and a regional hub.”

One hundred new jobs will be created under this latest phase.