A consortium of investors, including PSA International, has signed an agreement to acquire 100% of DCT Gdańsk container terminal shares in Poland.
The consortium, which also consists of the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund, will acquire the terminal from Macquarie Infrastructure and Real Assets (MIRA) managed fund Global Infrastructure Fund II, MTAA Super, AustralianSuper, and Statewide Super.
Located at the crossroads of the Baltic deep-sea trading routes, DCT Gdańsk has a quay length of 1,306m and a maximum depth of 17m.
Construction of the port started in 2005 and its capacity doubled in 2016 after a second quay was completed with a significant capital expenditure programme.
PSA International Group CEO Tan Chong Meng said: “DCT Gdańsk is PSA’s first investment in Eastern Europe.
“We look forward to working closely with our partners PFR and IFM to further develop its facilities and to strengthen its position as the preferred port of call for Poland and the Baltic Sea.
“Through leveraging our global network and our expertise in creating value for the port and shipping communities, PSA will partner with shipping lines, logistics operators and cargo owners to deliver more efficient, flexible and robust supply chain solutions for the region.”
DCT Gdańsk is well-equipped and is capable of serving ultra-large container vessels (ULCVs) with a capacity of up to 23,000 twenty-foot equivalent unit (TEUs).
PFR chief executive Pawel Borys was quoted by Reuters as saying that IFM and PFR will each own 30% of the port, while the remaining 40% will be held by PSA.
The news agency said that Macquarie launched a sale of the terminal in December, which could be valued at around $1.7bn.
DCT Gdańsk, which had a capacity of 1.9 million TEUs last year, is expected to reach full capacity in the upcoming years.
PSA, PFR and IFM are planning to construct a new expansion area to allow for further development of DCT Gdańsk and increase its capacity.