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Friday, 29.03.2024, 08:50
Klaipeda port CEO puts cost of building outer port at around EUR 800 mln
"Around 800 million euros would be needed for the development of an
outer port, based on our preliminary estimates," Arvydas Vaitkus said in a news conference on November 16th.
According to the CEO, the port's authority is currently considering
possible models for the development of an outer port.
"Today we are looking into two legal options: the existing land lease
model and a concession. For us, a concession seems to be a better option,
because it is a formula under which the future operator invests its own
capital. We believe that when an investor has made their own investment, they
will be more interested in making their investment pay off," he said.
Vaitkus said that the planned outer port would mostly handle containers,
adding that existing stevedoring companies are unlikely to face increased
competition from the future port operator.
Plans call for building an outer port in Klaipeda by 2025, with the project
expected to increase cargo traffic via Klaipeda by 35 million tons.
The Lithuania port handled 40 million tons of cargo last year and projects
41 million tons for the full year 2017.