Portugal’s government will invest US$3.43 billion in various infrastructures at the country’s five biggest ports, according to reports in local business daily Diario Economico, Cargonews Asia reports. The bulk of the investment will be channelled to three new container terminals at the ports of Lisbon, Leixoes and Sines.
Lisbon will attract $685 million for the building of a terminal planned to handle up to two million TEUs a year. The project is due to be completed within five years.
Sines will launch a tender to find a private operator for a container terminal under a 30-year contract. The planned investment is for $1.28 billion, of which $966 million will be financed by the private player. The future terminal will have an annual capacity of 4.5 million TEUs.
The port of Leixoes will channel $219 million to build a new terminal under a project to be co-financed by the European Investment Bank and the Trans-European Transport Network.
(PortNews)
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