The Port of Cork has commenced the construction of its cargo handling terminal in Ringaskiddy, Ireland, with an investment of €80m.
The Cork Container Terminal will initially include a 360m quay with a 13m depth alongside and will allow berthing of larger ships.
Spreading across an area of 13.5ha, the terminal will also feature two ship-to-shore gantry cranes and container handling equipment.
Development of the terminal is being carried out in line with the Port of Cork’s Strategic Development plan laid out in 2010.
Cork Container Terminal is expected to help the port’s current and future container shipping activities by installing modern and efficient cargo handling equipment, as well as innovative terminal operating and vehicle booking systems.
Port of Cork chairman John Mullins said: “The Port of Cork’s redevelopment at Ringaskiddy is a key growth enabler for both Cork city and region, as well as the national economy, and will enable the Port to deliver more efficient container handling facilities, replacing the existing container terminal at Tivoli and securing the Cork Container Terminal as an international gateway for trade well into the future.
“The transfer of port-related activities from the city and Tivoli will create a real opportunity for Cork Dockland sites to be redeveloped in the near future.”
The European Investment Bank will provide a €30m 18-year long-term loan to support the development of the Cork Container Terminal, which is expected to be operational by 2020.
Allied Irish Banks, Ireland Strategic Investment Fund (ISIF), and others have also provided funding for the terminal.
The Port of Cork had previously selected the Netherlands’ Royal BAM Group unit BAM Civil for the terminal project.