PSA and Partners to Buy Gdansk Container Terminal
PSA International, the Polish Development Fund and the IFM Global Infrastructure Fund have signed an Agreement to jointly acquire 100 percent of the shares of DCT Gdansk, the largest container terminal in Poland.
The terminal is currently owned by Macquarie Infrastructure and Real Assets managed fund Global Infrastructure Fund II, MTAA Super, AustralianSuper and Statewide Super.
DCT Gdansk is situated at the crossroads of the Baltic deep-sea trading routes and holds a strategic position as a major gateway into Poland and Central-Eastern European markets. Construction of the Port began in 2005. Following a significant capital expenditure program, the port’s capacity doubled in 2016 with the completion of a second quay. Container volumes have grown steadily over the years to reach 1.9 million TEUs in 2018.
DCT Gdansk is the fastest growing container port in Europe and is ranked amongst the 15 largest container ports on the continent. With a quay length of 1,306 meters and a maximum depth of 17 meters, DCT Gdansk is the only terminal in the Baltic that can serve Ultra Large Container Vessels with a capacity of up to 23,000 TEUs.
The investment is a first in Eastern Europe for PSA. The new owners plan to build a third terminal.