APM Terminals, EU company, signs concession for Zagreb Deep Sea terminal

A concession agreement has been signed to develop and commercially use the Zagreb Deep Sea container terminal in the northern Adriatic Port of Rijeka, [EPA-EFE / A concession agreement has been signed to develop and commercially use the Zagreb Deep Sea container terminal in the northern Adriatic Port of Rijeka,]

A concession agreement has been signed to develop and commercially use the Zagreb Deep Sea container terminal in the northern Adriatic Port of Rijeka, estimated at 20 billion kuna (€2.7 billion), with the concession fee fixed at €2 million annually for 50 years.

Signatories were Denis Vukorepa, head of Rijeka Port Authority, the international terminal operator APM Terminals director, Morten Engelstoft, and Energia Naturalis Grupa Management Board chair Pavao Vujnovac on behalf of the concession holder ENNA Logic of Croatia.

“The agreement will create conditions for the Rijeka Port to take the role of the leading cargo port in the northern Adriatic, thus becoming the most important point of entry to Central and Southeast Europe,” said Prime Minister Andrej Plenković.

The terminal provides an opportunity for economic development and will drive strategic autonomy, Plenković added.

One of the bidders was a Chinese company, but the Port of Rijeka annulled the first tender.

Consequently, China lost three north Adriatic ports. Apart from Rijeka, Trieste made a deal with Hamburg and Koper with Japanese companies.

(Željko Trkanjec | EURACTIV.hr)

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