Poland's Gdansk Deep-Water Port Gets Huge Investment to Build New Terminal
Poland's DCT Gdansk -- the country's only deep-water port -- is getting $840 million to boost its capacity by 50% by 2025, the European Bank for Reconstruction and Development announced Oct. 12. The EBRD joined a group of banks to finance the construction of a third deep-water container terminal and upgrade Terminals 1 and 2 and other facilities. The new terminal will add 717 meters of deep-water quay and more than 36 hectares of yard area, and will be equipped in the first phase with seven energy-efficient ship-to-shore cranes and 20 semi-automated rail-mounted gantry cranes, the bank said.
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
The port is the only deep-water terminal in the Baltic Sea able to handle ultra-large container vessels between Europe and Asia. The investment influx will make the port one of the 10 biggest in Europe "by shipped volume of goods," according to the announcement. The new terminal will receive its first ships by the end of 2024, with completion of construction expected to arrive in 2025. The first phase of construction -- Gdansk expansion -- will add capacity to handle 1.5 million 20-foot equivalent container units beyond the current capacity of 2.9 million, the bank said.