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Global Ports Holding Announces Taranto Port Agreement

Global Ports Holding announces Taranto port agreement

Source: PortSEurope
Global Ports Holding Plc (GPH), the world’s largest independent cruise port operator, is pleased to announce that Autorita’ di Sistema Portuale del Mar Ionio (AdSP – Port Authority of the Ionian Sea-Port of Taranto) has awarded Global Ports Holding a 20-year concession to manage the services for cruise passengers in the Port of Taranto, Italy – November 16, 2020 The cruise port infrastructure in Taranto is currently undergoing
a state-funded, €28m investment program, including the building of a new cruise terminal. The construction of these new facilities is expected to be completed by the end of 2020. GPH and the AdSP will now work towards agreeing the terms of a concession agreement. Following the successful execution of the concession agreement, GPH will use its global expertise and operating model to manage the cruise port operations in Taranto. The concession is expected to start in Q1 2021. In 2019, the Taranto Cruise Port welcomed 9k cruise passengers, with a preCovid-19 forecast of over 14k passengers in 2020. Global Ports Holding Plc is the world’s largest cruise port operator with an established presence in the Caribbean, Mediterranean, Asia-Pacific regions, including extensive commercial port operations in Turkey and Montenegro.Global Ports Melita Ltd is registered in Malta, where n 2015, GPH completed the acquisition of a majority stake in Valletta Cruise Port, engaged in port operations and the leasing of office, catering and retail outlets in Malta.Global Ports Holding currently operates cruise terminals in 19 ports around the world. In Italy GPH is present in the port of Venice, through the Venice Cruise Port, of which it holds 11.9% of the capital, and in the ports of Ravenna, Cagliari and Catania through the Ravenna Cruise Ports, the Cagliari Cruise Port and the Catania respectively. Cruise Ports, the company which it controls, holding 53.7%, 70.9% and 62.2% of the capital. Source: Global Ports Holding

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