DCT Gdansk Finds Funding for Expansion
- Business & Finance
Poland’s DCT Gdansk has finalized the financing process for the construction of a 650m deepwater berth with a group of commercial and development banks which will provide up to EUR 290 million (USD 359.3m) for the project.
The conclusion of the financing process comes shortly after DCT Gdansk announced NV Besix SA as general contractor for the expansion of the Baltic sea port.
The second facility in DCT Gdansk, which will be fully operational in 2016, will allow the terminal to meet a growing demand for deep-sea services in Central-Eastern Europe.
The new berth will increase DCT’s annual handling capacity to up to 3 million TEU in the first stage of construction.
DCT Gdansk will be able to handle Ultra Large Container Vessels of capacity exceeding 18000 TEUs. The berth will be equipped with 5 STS cranes and the required additional yard equipment.
“We are approaching the completion of the project’s initial phase which directly precedes the construction works. The decision to develop the existing DCT Gdansk container terminal is a result of growing need for more efficient and economic transport solutions in the Baltic region, able to effectively compete with the Northern European container ports’ services,” said DCT Gdansk CEO Maciek Kwiatkowski.