A Return to Old Glory for the Port of Rijeka? Potentially…

Lauren Simmonds

As Suzana Varosanec/Poslovni Dnevnik writes on the 23rd of May, 2019, investors have recognised the potential, which for the Port of Rijeka, means a step forward to the leading container-logistics centre in the Northern Adriatic.

With new investments, Rijeka is being returned to the former position that it once enjoyed at the tail end of the 1970’s, when it was a large and significant port centre. Those have been the type of messages sent to the director of the Rijeka Port Authority, Denis Vukorepa, on the occasion of the completion of the Zagreb Deep Sea Container Terminal (Zagreb DSCT) project in the Port of Rijeka.

There has been a great level of interest from potential concessionaires, including as many as seven of the world’s largest operators from Europe, the Middle East and the Far East. Officially, the Chinese, and also the CRBC which is currently building Pelješac Bridge, have made themselves known.

The Minister of Maritime Affairs, Transport and Infrastructure, Oleg Butković, will also visit the terminal at which the works are taking place today. To briefly recall, the most important capital project in the Rijeka Gateway Project II, worth 112.5 million euros, of which 84 million euro is from a World Bank loan, while 28.5 million euros is financed by the state. However, in addition to those amounts, the Rijeka Port Administration has continued to invest 40-50 million euros in its own investments.

When this part is completed, individual talks are expected in June and July when potential concessionaires will present their respective terminal management concepts.

It’s certainly not excluded that the interest for the second phase of the construction of the terminal will gain traction, and for which permits have been prepared. The expected term for the signing of a contract currently stands at the end of September.

Traffic in the Rijeka basin in the container area has increased by about ten percent over more recent years, but a more dynamic growth in freight volumes and cargo flow is expected, which is the subject of interest for rail freight operators, and is expected to attract a larger volume of truck traffic.

Make sure to follow our dedicated business page for much more.

 

Click here for the original article by Suzana Varosanec for Poslovni Dnevnik

 

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