SETUBAL AWARDS MULTI-PURPOSE TERMINAL CONCESSION

Germany’s DVD Bank is also participating in the transaction in syndication.

Portugal’s Setubal and Sesimbra port authority and the Tersado and Sadaport companies have signed concession contracts covering zones one and two of the Setubal Multi-Purpose Terminal. The operating companies are controlled by a consortium consisting of Setefrete, Mota-Engil and Empresa de Trafego e Estiva (ETE). The port authority is now preparing a new concession for the ro-ro terminal at Setubal.