PSA Sines has inaugurated the first stage of Phase III of the Sines Container Terminal, as part of a project worth more than €300m (US$305m).
When the Phase III expansion plan will be fully completed by 2028, the terminal will have doubled its annual handling capacity to 4.1m teu.
The inauguration of the additional 204 m of quay length marks the completion of thefirst stage of Phase III, now allowing PSA Sines to handle three mega-vesselssimultaneously.
David Yang, CEO PSA EuroMed and the Americas, stated: “PSA has always believed that the Port of Sines, with a deep-water port strategically located at the intersection of the North-South, East-West routes, the port offers a unique opportunity for the successful development of a best-in-class container terminal for our customers.
“Today, PSA Sines has already exceeded our highest expectations and has become a majorregional hub capable of serving the most important shipping routes and receiving the largest container ships.”
Singaporean minister for foreign affairs, Dr Vivian Balakrishnan said: “PSA Sines is situated in a strategic location and is positioned to be an important transhipment hub in Europe.
“This expansion demonstrates our strong partnership as two like-minded states, united in maintaining free trade, economic integration, freedom of navigation, and compliance withinternational law.”
It is expected that the terminal will create jobs in specific areas of engineering, Information technology, operations and HR.
