Tag: investment

COSCO ready with cash to invest in Piraeus

Cosco-managed Piraeus Port Authority (PPA) urges the Greek government to speed up the approval of the investment plan aimed at attracting more business to Greece’s largest port, informs Reuters. The news agency quotes Captain Fu Chengqiu, PPA CEO, saying last Friday: “I am ready with cash and will wait until the end of this year. […]

Noatum expands in Valencia with EUR 26.5 mln investment

Noatum Valencia

Following the recently announced extension of Noatum’s container terminal concession in Valencia, there comes the news of the company’s intention to invest EUR 26.5 mln into the terminal’s expansion, writes the Spanish daily Las Provincias. In late July, the Port Authority of Valencia (APV, La Autoridad Portuaria de Valencia) announced in the State’s Official Bulletin […]

Vancouver gets federal funding to increase rail capacity

Vancouver Fraser Port Authority

The Port of Vancouver has announced the allocation of CAD 167 mln (USD 125 mln) by the federal government for three projects aimed to improve the port’s rail infrastructure and reduce traffic congestion. Combined with CAD 55.8 mln (USD 42 mln) announced last month for four other critical infrastructure projects in the region, this brings […]

Indonesia plans to become a transshipment hub, seeks investors

Java Integrated Industrial Ports Estate

Indonesia strives to challenge Singapore’s dominance in the region with a number of own port projects, aiming to become a new global transhipment hub on China’s maritime Silk Road, writes Nikkei Asian Review. After taking office in October 2014, Indonesian President Joko Widodo endorsed the five-year plan worth 700 trillion rupiah (USD 50.6 bln) to develop the maritime […]

Marseille Fos is granted European Investment Bank support

Marseille Fos

The European Investment Bank (EIB) announced yesterday its support of the port development projects of Marseille Fos by allocating EUR 50 mln (USD 57.6). The partnership agreement was signed by Christine Cabau Woehrel, CEO of Marseille Fos Port Authority, and Ambroise Fayolle, EIB Vice President, upon their visit to Darse 2, the junction of the […]

Japan plans to invest in Indian Ocean ports

Indian Ocean ports

Japanese government plans to invest in port development in three Indian Ocean nations — Myanmar, Sri Lanka and Bangladesh — as part of Prime Minister Shinzo Abe’s “free and open Indo-Pacific strategy”, informs The Jakarta Post. The project aims at securing the sea lanes linking Asia and Africa via the Middle East. The three sites […]

New connection to bring 30,000 containers to Hull

Hull Container Terminal

A brand new service of three sailings a week between Belgium and Hull was announced yesterday by the UK’s leading port operator Associated British Ports (ABP). This service expansion is one of the results of significant investment in the Humber Container Terminals. The new Ghent to Hull connection is expected to bring an extra 30,000 […]

Philippines to invest heavily in port projects

Philippine Ports Authority

The Philippine Ports Authority (PPA) will be accelerating the implementation of port infrastructure projects nationwide, with the revenues showing a robust growth in the first quarter of 2018, the Philippine News Agency informs. The PPA revenues reached PHP 3.78 bln (USD 72 mln) in Q1 2018, which is 9% higher than the PHP 3.48 bln […]

Mobile to seek engineering projects for Ro-Ro terminal

Mobile Ro-Ro terminal

An automobile terminal will be constructed at the port of Mobile, USA, after the Alabama State Port Authority was awarded a Transportation Investment Generating Economic Recovery (TIGER) grant of USD 12.7 mln from the US Department of Transportation (DOT). The Port Authority has been elaborating on the plans to convert an abandoned bulk handling facility […]

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