Port of Gdynia Authority announced the launch of a market test of private partners and financial institutions for the purpose of the planned project named “Construction of the Outer Port in the Port of Gdynia”.
The project involves the construction of a new deep-sea port terminal along with a container terminal with an annual transshipment capacity of 2.5 million TEU. The new facility will enable oceanic Baltimax size container ships to dock in the port.
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The estimated capital expenditures for the Outer Port total EUR 787 million. The project is planned to be completed by 2028.
In the project, the private partner will be responsible for:
- Designing and building the project infrastructure;
- Financing the design and construction expenditures;
- Maintaining and operating the infrastructure built or part thereof; in this regard, demand level risk might possibly be shifted onto the private partner and a payment mechanism based on revenues from the operation and management of the terminal might be implemented.
The market testing is part of the project appraisal carried out by a consortium of transaction advisors, namely EY, WYG International and Domański Zakrzewski Palinka (DZP). It aims to assess the market’s potential interest in the project and to verify its preliminary assumptions proposed by the Port of Gdynia Authority S.A. and the transaction advisors.
The Port of Gdynia Authority called all entities that have implemented the following projects to take part in the market test:
- Operation (or management) of a maritime container terminal (or container terminals) with an annual capacity of at least 1 million TEU;
- Operation (or management) of a maritime LNG terminal (or terminals) with an annual capacity of at least 5 billion Nm³;
- Operation (or management) of other cargo terminal (or terminals) with an annual capacity of at least 10 million tonnes;
- Financing the implementation of an infrastructure project worth at least EUR 250 million delivered under the PPP scheme or a concession, another form of partnership with the public sector or a project finance scheme.
