You are here
Home > Economics > Polish port terminal to undergo multibillion upgrade

Polish port terminal to undergo multibillion upgrade

Poland’s largest container terminal, DCT Gdańsk, will undergo a multibillion expansion to rival Europe’s leading maritime logistic hubs, the country’s prime minister has said.

Mateusz Morawiecki said some EUR 3 billion in funds will be pumped into the Deepwater Container Terminal on the Baltic Sea to upgrade and expand it heavily over the next eight to nine years.

As a result, the port terminal in the northern Polish city of Gdańsk will be able to catch up with and eventually outstrip many of its European rivals in terms of handling capability, Morawiecki told reporters.

DCT Gdańsk is already catching up with the British port of Southampton in terms of container handling, and “in the next five to six years we will be able to develop the [Polish] port’s reloading capacity to roughly the level of [Germany’s] Hamburg,” Morawiecki said while visiting the Baltic container terminal on Saturday in the company of Maritime Economy and Inland Navigation Minister Marek Gróbarczyk.

A consortium of investors including Polish sovereign wealth fund PFR this month inked a deal to buy DCT Gdańsk from its Australian owner, according to media reports.

The Polish Development Fund (PFR) said in a statement at the time that DCT Gdańsk lies at an intersection of Baltic trade routes and has a strategic position as a gateway to markets in Poland and other Central and Eastern European countries.

The Gdańsk terminal is the fastest-growing container port in Europe and one of the continent’s 15 largest ports of its kind, according to Poland’s PAP news agency.


Warning: Invalid argument supplied for foreach() in /var/www/warsawpoint/data/www/warsawpoint.com/wp-content/themes/accesspress-mag/content-single.php on line 69

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Top