Capacity to be expanded at Portugal's Port of Sines to handle 7m TEU
PORTUGAL's Port of Sines is to see its container handling capacity surge with an agreement finalised for the enlargement of its existing container terminal while a tender for the construction of a second container terminal has been launched
PORTUGAL's Port of Sines is to see its container handling capacity surge with an agreement finalised for the enlargement of its existing container terminal while a tender for the construction of a second container terminal has been launched.
The Port of Sines Authority said in a statement: 'The accomplishment of these two projects will enhance the Port of Sines role as one of the main European ports, offering a total throughput capacity over 7 million TEU.'
The port authority and PSA Sines have signed a contract to double the capacity of Terminal XXI to 4.1 million TEU. The expansion will feature the enlargement of the quay front to 1,750 metres, enabling the simultaneous operation of four mega-ships.
The total private investment of EUR660.9 million (US$737 million) to be made by the concessionaire, PSA Sines, comprises not only the expansion of the quay and its handling equipment, but also the maintenance, replacement and renovation of equipment already installed in previous expansion phases, during the whole concession period.
At the same time, an international public tender has also been launched for the concession of a new container terminal named Vasco da Gama Terminal, under a BOT model, comprising its design, construction and operation.
Representing a total private investment of EUR642 million (US$716 million), the new terminal will have an annual handling capacity of 3.5 million TEU, offering 20 metres of depth and a quay front with three simultaneous berthing positions for the world's largest container vessels, reports London's Container Management.