A 50-year concession for the development and economic use of a new deep-sea container terminal in the Adriatic port of Rijeka in Croatia has been granted to a European company. The concession contract to build the necessary infrastructure and fully equip the Zagreb Deep Sea container terminal in the port of Rijeka—the biggest seaport in Croatia—as well as for the terminal’s economic use was signed on Friday, according to a statement from the City of Rijeka. The concession, estimated at an equivalent 2.6 billion euros ($3 billion) with the annual concession fee fixed at 2 million euros ($2.3 million), has been granted for a period of 50 years to European company APM Terminals, which runs more than 70 port terminals around the world. APM Terminals is a part of Maersk, a Denmark-based container logistics company operating in 130 countries. Under the agreement, APM Terminals will own 51 percent of the …
EU Company Granted Concession for Croatian Port Terminal After Cancellation of Tender With Chinese Bidder
November 11, 2021
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APM TerminalsBusiness & EconomyChinacontainer terminalCroatiaEuropeEurope-China RelationsmaerskPort of RijekaSpecial TopicsWorld
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