Portuguese box traffic to grow 200% in ten years
2016-12-05 08:57

Portuguese box traffic to grow 200% in ten years

Portugal’s government plans to invest €2.5bn in its ports to grow the country’s container market by 200% within the next ten years, according to minister, Ana Paula Vitorino.

Ms Vitorino said that the new Barreiro container terminal in Lisbon would help Portugal reach that goal. Private investors from China, Denmark and the US, as well as from within Portugal itself are said to be interested in the project.

“The characteristics of the terminal won’t have anything in common with those released three to four years ago,” she said.

She also revealed that the renegotiation of concessions at the ports of Leixões and Sines is under way and that future concessions will soon be announced. Both port authorities are currently resolving final details with investors in respect of their portfolios, with Leixões expected to reach an agreement by the end of November to expand capacity of its South Container Terminal and its General Cargo and Bulk Terminal.

Sines is said to be close to defining what its concessions will look like for the next few years.


Source: Port Strategy (LF)

Source: Port Strategy