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Yilport Agrees Alcântara Terminal Concession Extension Until 2038

Yilport agrees Alcântara terminal concession extension until 2038

Yilport Agrees Alcântara Terminal Concession Extension Until 2038

Lisbon, Portugal (PortSEurope) July 17, 2019 – The government and Yilport, a concessionaire of the port terminal of Alcântara, Lisbon, have agreed to extend the concession until 2038, together with an investment plan valued at €122 million ($136.81 million), reported Autoridade Portuária – Administração do Porto de Lisboa (APL).

“The agreement now reached includes a concession until 2038 and a private investment plan of €122 million in the container terminal of Alcântara, 100%, divided between infrastructure work (€26.5 million), acquisition and implementation of technological infrastructure (€2 million) and acquisition and installation of equipment (€93.5 million).

Most of the investment will take place between 2020 and 2021, which will include €44.1 million in the container terminal of Alcântara, notably the acquisition of two new porticos of quays and six new porticos of park, besides investments directed to the formation, security and certification of the operations.

The total investment of €122 million will ensure not only the modernisation of the container terminal at Alcântara but also a strong reduction of CO2 emissions in its operation, not only through the modal shift that strengthens (in particular road rail and river modes), but also due to the acquisition of new and more efficient equipment, allowing a greater fluidity in operations and a positive interaction with the surrounding city where the terminal is inserted.

APL added that the Alcântara container terminal, operated by the Yilport Group, is a fundamental infrastructure of the port of Lisbon, accounting today for more than 40% of the total containerized cargo handled in the port of the capital.

An APL statement also states that “the agreement reached between APL and Yilport Liscont is an important step in increasing port competitiveness and is one of the fundamental points of the strategy to increase the competitiveness of the continent’s commercial ports network – Horizon 2026 , in which the Minister of the Sea, Ana Paula Vitorino, highlighted the importance of the modernisation of the container terminal of Alcântara, vital for its affirmation as a port terminal of reference in a sector of highly competitive activity such as the containerised cargo market.

Nowadays, the port of Lisbon is a multifunctional port, composed of 15 port terminals dedicated to all kinds of cargo and one of cruise passengers, operating 24 hours a day, 365 days a year and offering the best conditions of navigation for all types of ships.

YILPORT Liscont Terminal conducts business in container operations.  The terminal is located in the heart of Lisbon, the regional center of Portuguese manufacturing industries and the biggest consumption area in Portugal, as well as being the intersection of North-South and East-West seaborne trade routes.

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