Publish Date : 16-Oct-2019
The international public tender for the concession of the new container terminal in the Port of Sines was published in the Diario da Republica. The future Vasco da Gama terminal will channel an investment of 642 million euros. The international open tender for the public service concession of the Vasco da Gama terminal, including its design, construction and operation, has a tendering deadline of 9 months and is expected to be awarded in the last quarter of 2020. and commencement of the work, lasting approximately three years in 2021.
The new terminal will have an annual handling capacity of 3.5 million TEU (Twenty Foot Equivalent Unit - Containerized Load Measurement Unit) and a 1375 m long quay with 3 simultaneous docking positions, allowing it to receive the largest ships in the world (400 m long, 60 m mouth and capacity 24 000 TEU). It will have a 46-acre embankment area, 15 dock gantries and -17.5 m ZH bottoms. In total, the new Vasco da Gama terminal will represent an estimated investment of around 642 million euros, with 225 million invested in equipment and 417 million in infrastructure.
Grant for 50 years
For this estimated investment amount, the Economic and Financial Study considers a concession period of 50 years. The construction of the Vasco da Gama terminal is expected to generate a total economic impact of 524 million euros, representing 0.28% of Gross Domestic Product and 0.33% of Portuguese Gross Value Added and creating 1,350 direct jobs. in the exploration phase.
The Vasco da Gama terminal will be built and financed exclusively by private funds through the concessionaire that will be selected under the international public procurement procedure that was launched this Monday, including the assumption of all associated risks, materializing the landlord port management applicable to the national port system and recommended by the European Commission and the OECD. The concession space will remain in the public domain under port jurisdiction, where it will fully revert at the end of the concession period.
1.3 billion investment
On 12 October, the Ports of Sines and Algarve Administration and the Port Authority of Singapore (PSA) signed, in Oeiras, an amendment to the concession agreement for Terminal XXI (existing container terminal). This addition allows for new investments in quay expansion and the resizing and modernization of this infrastructure. With this agreement, PSA will invest 660.9 million euros in Terminal XXI over the next 20 years of the concession. The two processes together unlock an investment of over 1.3 billion euros at the Port of Sines, constituting the largest private investment ever in the sector.
300 million public investment
Public investment in the Port of Sines over the next five years, notably in modernization and digitization, is estimated at 300 million euros, with emphasis on extending the East Jetty or rail links. The Port of Sines has a weight of 1.5% in the national economy, 2% in employment and represents more than 56% of the containerized cargo handled in the mainland commercial ports. It has been growing in this type of cargo, having grown over the last 15 years from 20 000 TEU in 2004 to over 1.75 million TEU in 2018, representing an increase of 8 652.2% at an average annual growth rate. more than 37.6%.
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