Singapore port operator PSA International, the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF), managed by IFM Investors, have signed an agreement to jointly acquire 100% of the shares of DCT Gdańsk, the largest container terminal in Poland, from Macquarie Infrastructure and Real Assets (MIRA) managed fund Global Infrastructure Fund II, MTAA Super, AustralianSuper and Statewide Super.
Situated at the crossroads of Baltic deep-sea trading routes, DCT Gdansk is the fastest growing container port on the continent and a major gateway into Poland and Central-Eastern European markets. It is the only terminal in the Baltic that can serve ultra large container vessels.
The terminal handled a container volume of 1.9m teu in 2018. The consortium will explore the construction of a new expansion area and further increases in capacity.
“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. Through leveraging our global network and our expertise in creating value for the port and shipping communities, PSA will partner with shipping lines, logistics operators and cargo owners to deliver more efficient, flexible and robust supply chain solutions for the region,” said Tan Chong Meng, CEO of PSA International.