The Board of Directors of the Port Authority of Algeciras (La Autoridad Portuaria de la Bahia de Algeciras, APBA), Spain, last week approved the basic conditions for Total Terminal International Algeciras (TTI Algeciras) to use the Phase B land plot of Isla Verde Exterior in order to expand TTI’s operations in the port.
According to the port’s press service, this decision was made in response to the corresponding request from TTI Algeciras, which is wishing to evaluate the feasibility of enhancement on the Phase B, adjacent to the land on which TTI operates since the summer of 2010.
Manuel Moron, the APBA President, highlighted that if this expansion were to take place, “we would return to the starting point, the preferred option of the Port Authority with regards to Isla Verde Exterior, that is one large terminal instead of two of minor dimensions, an option more viable taking into account the peculiarities of container traffic in the Gibraltar Strait.”
The APBA President reminded that in the initial concession granted to Hanjin as the owner and operator of TTI Algeciras, the company had a preferential option over the aforementioned Phase B land plot. However, the bankruptcy of the South Korean shipping line forced the APBA to put the Phase B area on the public tender.
During the following 1.5 years, the bidding deadline was postponed several times until finally the last extended term expired on 31 January 2018 and as no bids were received after all, the APBA decided not to prolong the tender any more.
The existing semi-automated terminal TTI Algeciras with the capacity of 1.86 mln TEU has been lately sold to the South Korean shipping company Hyundai Merchant Marine (HMM).