skip to Main Content
Croatia’s Government Approves €14.6 Million Borrowing By Rijeka Port

Croatia’s government approves €14.6 million borrowing by Rijeka port

Croatia’s Government Approves €14.6 Million Borrowing By Rijeka PortSource: Luka Rijeka d.d.

Rijeka, Croatia (PortSEurope) May 24, 2019 – The Croatian government will allow Rijeka Port Authority to takes out a HRK 108.5 million loan from Erste & Steiermärkische Bank dd, to finance infrastructure at the port by deepening of the southern connection to the Adriatic Gate Container Terminal (AGCT), which is operated by Philippines-based ICTSI.

Rijeka is Croatia’s largest seaport, second economic centre and third largest city. It is also part of the Mediterranean Rail Freight Corridor, a rail cargo network that runs from Spain to Hungary, and part of the European Union’s Ten-T transport network.

Thus, the EU’s CEF funds have been approved for 20% co-financing of the Rijeka Harbour Infrastructure Improvement project in the amount of €2.7 million.

Last week, seven companies from Europe, the Middle East and the Far East have expressed interest in the construction and management of the new deep-water container terminal in the port of Rijeka, the general manager of Rijeka port authority, Denis Vukorepa, said.

Vukorepa did not disclose the companies’ names, but underlined that they are “important terminal operators”. However, according to sources close to the government, among the interested investors is a consortium formed by Ningbo Zhoushan Port Group and China Road & Bridge Corporation (CRBC). The latter is building a bridge over the Pelješac channel in Croatia.

Separately, China Shipbuilding Industry Corporation (CSIC) has recently visited the post to assess its potential. It is also interested in the Uljanik d.d.-operated shipyard, which has just been subject to bankruptcy proceedings.

Copyright (C) PortSEurope. All Rights Reserved. 2019.

Back To Top