The EUROGATE consortium signed a contract with Cypriot Transport Ministry today for the takeover of Limassol Container Terminal.
The EUROGATE consortium signed a contract today with the Cypriot Transport Ministry for the takeover of Limassol Container Terminal, EUROGATE said.
Consortium partners include EUROGATE International GmbH (60 percent), Interorient Navigation Company Ltd. (20 percent) and East Med Holdings S.A. (20 percent).
Limassol Container Terminal, which will operate under the name EUROGATE Container Terminal Limassol Ltd., currently features an annual handling capacity of 500,000 TEUs, a surface area of 35 hectares and a quay wall length of 800 meters.
EUROGATE said it intends to invest in modernizing the terminal, especially in new large-scale equipment, the IT system and site remediation.
Overall, the addition of Limassol brings EUROGATE’s network to 12 container ports.
The container terminal operator already runs port facilities in Bremerhaven, Wilhelmshaven, Hamburg, Ust-Luga, Lisbon, Tangier, Cagliari, La Spezia, Salerno, Gioia Tauro and Ravenna. EUROGATE operates one terminal each at these ports, except in Bremerhaven, where the company operates EUROGATE Container Terminal Bremerhaven; North Sea Terminal Bremerhaven, a joint venture with Maersk Line; and MSC Gate Bremerhaven, a joint venture with Mediterranean Shipping Company, according to EUROGATE’s website.
EUROGATE expands terminal network
