Portugal moves ahead with big port developments

The Portuguese government has approved plans to add 4.8m teu in annual capacity at the port of Sines.

PSA International’s Terminal XXI will get a EUR547m upgrade, upping the facility’s annual capacity from 2.3m teu to 4.1m teu.

Meanwhile, a brand new terminal will be built at Sines. The Vasco da Gama Terminal will likely cost EUR642m and will become a 3m teu facility once built. The port will now seek a terminal operator to take on this new 46-hectare site.

“The approval of these diplomas will allow the Port of Sines to be one of the main ports in the world and particularly in the West Med region, reaching over 7 million TEU capacity, guaranteeing the ability to compete and attract new cargo and customers from global logistics chains, reinforcing Sines in the international maritime-port context,” the port stated in a release yesterday.