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            august 19, 2019

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Indiaexportnews.com

PSA, PFR and IFM investors jointly acquire Poland's largest box terminal

  05.06.2019    

Following formal approval by the relevant competition authorities, PSA International (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF), advised by IFM Investors, have completed the transaction to jointly acquire DCT Gdansk, the largest container terminal in Poland, according to Shipping Gazette.
The deep-water container terminal of Gdansk is one of the fastest growing container ports in Europe and the only terminal in the Baltic that can serve Ultra Large Container Vessels (ULCVs) with a capacity of up to 23,000 TEU. Container volumes handled by the terminal have grown steadily over the years to reach 1.9 million TEU in 2018.
The terminal has a quay length of 1,306 metres and a maximum depth of 17 metres. DCT Gdansk is already undergoing expansion, which will be completed in the course of 2019 and 2020. The consortium partners have the intention to further strengthen the terminal's position and to explore additional expansion needs as and when relevant, a joint statement said.



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