The Portuguese government and PSA Sines reached an agreement to expand Terminal XXI for 547M€, the Ministry of Sea informed this Thursday.
The Portuguese government and PSA Sines reached an agreement to expand Terminal XXI for 547M€, the Ministry of Sea informed this Thursday. According to a communique sent by the Ministry led by Ana Paula Vitorino to the press, the agreement will allow the third phase of the terminal’s expansion to move forward within the scope of the “Strategy to Increase the Competitiveness of the Network of Commercial Ports of the Continent – Horizon 2026”.
The investment foresees a total investment of 547M€ by PSA Sines not just for expanding the terminal but also to maintain, replace and renew equipment already placed there in previous phases.
Terminal XXI will have a pier front of 1.940 meters, a storing area of 60 Hectare (now is just 42Hectare), which will increase the already installed capacity from the current 2.3M TEU to 4.1 TEU.
“Terminal XXI is currently the largest employer of the region with more than 1000 jobs, aiming with this new agreement to reinforce employability and to contribute for the socio-economic development of both the region and the country”.