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Belgian port operator to invest €100m in Gdansk harbour


2012-01-26



Port Polnocny (PP), the operator of Gdansk's northern harbour owned by Sea-Invest of Belgium, is preparing to launch a €45-50m project to build a dry bulk cargo terminal there, capable of handling up to six million tons of coal per year, PP CEO Jacek Klimczak told Puls Biznesu. The company is in advanced talks with coal importers and is about to sign agreements with financial backers and building contractors. Construction work is expected to last 18-24 months and the terminal is to start operations in the second half of 2013.

Meanwhile, PP also has plans to invest heavily in facilities to handle agricultural products and biomass. The Belgian firm is in negotiations with the Gdansk port authority about leasing additional land in the harbour, and depending on their outcome, the value of this project is estimated at €40-50m, Mr. Klimczak said.

Furthermore, Sea-Invest wants to re-enter the race for a PLN 800m (approx. €187m) partnership with PERN Przyjazn, the state oil pipeline operator, to build a large marine warehousing and transshipment terminal in Gdansk, following the expiry of PERN’s initial agreement with Oiltanking of Germany.

Capital investments in Poland’s port infrastructure hit PLN 8bn (€1.9bn) during the current EU budget round (2007-2013), a seven-fold increase over the previous period, according to estimates by the Transport Ministry. Both private and public-sector players are involved in this process of catching up with European standards.



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