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Consorzio Bettolo Signs Contract To Build New Container Terminal In Genoa Port

Consorzio Bettolo signs contract to build new container terminal in Genoa port

Consorzio Bettolo Signs Contract To Build New Container Terminal In Genoa Port

Genoa, Italy (PortSEurope) June 11, 2018 – Autorita’ di Sistema Portuale del Mar Ligure Occidentale (AdSP – Western Ligurian Sea Port Authority) has signed an agreement with Consorzio Bettolo Shipping to develop a new container terminal.

Consorzio Bettolo is 65% owned by Mediterranean Shipping Company (MSC) and 35% by GIP (Gruppo Investimenti Portuali), which is in turn run by the Infravia and Infracapital funds.

The new terminal will be equipped with the latest technology and will be able to accommodate the mega container ships. The duration of the concession is 33 years. AdSP President Paolo Emilio Signorini said the new terminal will have a capacity of  up to 800,000 TEU annually.

Diego Aponte, president and CEO of MSC group, said that it was an important day with the launching of two new vessels, MSC Seaviews, and the Bettolo terminal agreement, adding that the group is ready to bring its containers to the Genoese terminal and that the company has seen volume growth of 10% in the first quarter of 2018.

Giulio Schenone, managing director of Gip, commented that the Sech and Bettolo terminals remain separate but operating with synergies. Sech is operated by GIP.

The total investment is €213 million ($251.54 million), €35 million ($41.33 million) from the AdSP and €136 million ($160.61 million) from the the terminal operator.

Source: Genova24

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