Baltic Ports Plan Major Capacity Boost
Published:
17 June 2001 y., Sunday
The port of Tallinn, in Estonia, has decided to construct a new container terminal at Muuga, which will substantially increase container capacity in the northern Baltic Sea area.
The port of Tallinn, in Estonia, has decided to construct a new container terminal at Muuga, which will substantially increase container capacity in the northern Baltic Sea area. The new terminal (part of a wider ranging EEK 3.5bn (US$193) port development) will initially provide for an almost doubling of capacity to 120,000 TEU, however on completion in 2005 will provide an annual capacity of 600,000 TEU.
Other Baltic ports also have plans to expand their box terminals, including the Latvian port of Riga, which is considering the expansion of its terminal to 1m TEU annual capacity.
However the development of the ports is dependent on the success of negotiations with Russia aimed at reaching a compromise decision in respect of transit for cargo. Russia's current policy, intended to re-direct all transit and native cargoes via Russian ports, infringes the interests of the Baltic states, whose economies rely heavily on the transport industry.
Šaltinis:
CI-Online
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The EBRD is increasing the availability of financing to the real economy in Hungary, with a €50 million credit line to CIB Bank, including at least €10 million equivalent denominated in Hungarian Forint.
more »
At the end of March 2010, AB Bank SNORAS deposit portfolio exceeded LTL 5 billion, of which over LTL 3 billion are household deposits.
more »
In affirmation of Vietnam’s remarkable progress towards Middle Income Country status, the World Bank Board of Directors today approved a second loan for Vietnam from the International Bank of Reconstruction and Development (IBRD).
more »
The World Bank today approved a EUR26 million loan to the Republic of Croatia aimed at further improving the efficiency of Croatia’s justice system − a necessary process in Croatia’s path towards successful European Union accession.
more »
The ACP-EU Joint Parliamentary Assembly asked the European Commission to help EU and ACP banana producers adapt to the new EU-Latin America trade agreement, which is expected to put an end to fifteen years of “banana wars” between the two continents, but has raised concerns for the livelihood of some regions' producers.
more »
As seventeen of Africa’s 53 nations celebrate 50 years of independence in 2010, Africa’s “golden moment has come” and investors around the globe must look to the continent often painted only as risk-prone if they are to capitalize on business opportunities.
more »
During the ordinary general shareholders’ meeting of AB Bank SNORAS, which took place on 31st March 2010, the bank’s profit distribution was approved.
more »
The EU is the world's largest economy, with enough international clout to return to "real capitalism" rather than resign itself to an alien "financial capitalism", concluded MEPs and experts at a public hearing held on Thursday by Parliament's special committee on the crisis.
more »
Food quality and labelling are likely to be key issues when the Common Agriculture Policy is overhauled in the coming years.
more »
The European Investment Bank (EIB) is lending EUR 250 million to Russian company Enel OGK-5 to finance the upgrading of a gas fired power plant located in Nevinnomyssk, South Russia.
more »