PSA International signed an agreement with the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) to jointly acquire DCT Gdańsk, the largest container terminal in Poland.
The shares will be bought from Macquarie Infrastructure and Real Assets (MIRA) managed fund Global Infrastructure Fund II, MTAA Super, AustralianSuper and Statewide Super.
DCT Gdańsk is the only terminal in the Baltic that is able to accommodate ultra large container vessels, as it has a quay length of 1,306 meters and a maximum depth of 17 meters.
After a capital expenditure program, the port’s capacity doubled in 2016, after the completion of a second quay. Container volumes are steadily increasing over the years to reach 1.9 million TEUs in 2018.
Because of the port’s development, it is expected that the terminal will reach full capacity utilisation in the upcoming years.
Also, to allow for further development of DCT Gdańsk, PSA, PFR and IFM Investors will explore the construction of a new expansion area and further increases in capacity.
Tan Chong Meng, Group CEO of PSA International commented
DCT Gdańsk is PSA’s first investment in Eastern Europe, and we look forward to working closely with our partners PFR and IFM to further develop its facilities and to strengthen its position as the preferred port of call for Poland and the Baltic Sea.
PSA will join shipping lines, logistics operators and cargo owners to construct a terminal which will be more efficient, flexible and will have robust supply chain solutions for the region.
