Portugal port expansion approved
A Portuguese port has been given the go-ahead to construct a new container terminal and expand existing operations.
The Portuguese Government has approved the proposed Vasco da Gama Terminal and expansion of the existing Terminal XXI at the deepwater Port of Sines, said the Port of Sines and Algarve Authority (APS).
Private investment in the Vasco da Gama Terminal is expected to be around €642m, to be made by the future concessionaire.
The new The Vasco da Gama terminal will have an annual handling capacity of 3m teu and a 1.375m long quay, allowing three simultaneous berth positions for the largest ships in the world. It will also have 46 hectares of storage area and 15 quay gantries.
The expansion of Terminal XXI will increase its capacity from 2.3m teu to 4.1m teu. This investment will allow the simultaneous berthing of four last generation container ships. The storage area will be expanded from the current 42 hectares to 60 hectares.
Terminal XXI’s expansion will be funded by a total private investment of €547m, to be made by the concessionaire, PSA Sines. The investment will comprise the expansion of the quay and its handling equipment, as well as the maintenance, replacement and renovation of equipment already installed in previous phases, throughout the life of the concession.
Operations at Terminal XXI have been blighted by strikes in recent months.
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