A new terminal at the Port of Gdansk

31.05.2010

On 28 May 2010, the Great Hall at the Old Town Hall in Gdansk was the venue that witnessed a landmark event expected to greatly bolster the growth of both the Port and the City of Gdansk. Winning the prior approval of the Minister of State Treasury, the Port of Gdansk Authority SA signed, for a term of 30 years, lease contracts with the companies of "Port Polnocny" and "Rudoport" concerning the land designated for the construction of a new Dry Bulk Handling and Storage Terminal.

The ceremonial nature of the launching of the new investment was amply justified by both the scale and international guarantees of funding to secure the undertaking. In the wake of many months of negotiations, the Belgian Group "Sea Invest", and "ArcelorMittal" having its head office in London, were named the majority shareholders in the partner companies supporting PGA SA with the project development. Therefore, the concept of constructing the biggest multi-purpose facility on the Baltic Sea suited to the handling of coal, iron ore and aggregates in Gdansk builds on the wide-ranging experience and unrivalled expertise in the demands of sea trade in this part of the world. "Sea Invest" handles ca. 120 million tonnes of cargo annually in 25 ports across Europe and Africa. "ArcelorMittal" - currently holding a share of about 70 percent of Poland's steel industry - is the biggest steel company in the world present in over 60 countries.

On an area of almost 80 hectares of land leased from the Port of Gdansk, within a period of 36 months, a state-of-the-art terminal will have been built and suited to the handling of bulk cargo both for export and for import. At a cost of no less than 41 million Euros, the facility is likely to soon become another successful hub in Gdansk. The advantageous hydrographic and navigational conditions, year-round accessibility for ships without the ice class, and a possibility of accommodating the biggest vessels navigating the Baltic Sea not only enable the Port of Gdansk to overcome the economic slow-down, but also provide the basis for its rapid growth. With both the liquid fuels terminal and the state-of-the-art DCT Terminal already in operation, the Port of Gdansk is set to expand its potential with yet another asset, which will consolidate its position on the Baltic Sea.


Press release [ZIP archive, 31,4 MB]