The extension entrusts foreign investors with the expected decision to extend the port (Europe’s first gateway to the Atlantic coast).
Who can find their top spot in the commercial port of Sines, Portugal? The local authorities announced on April 7 (Wednesday) that they had postponed their decision to award the contract for the second container terminal of the strategic port, which caused an accident. Officials said that due to the Covid-19-related crisis, the international tender was launched in 2019, with a total of 642 million euros, and ended without any proposals. “Considering the current strong macroeconomic constraints, the port authority recommends relaxing certain aspects to adapt the tendering procedures to the current situation”, Indicates its press release. According to Reuters News Agency, citing the port’s chairman of the board of directors José Luis Cacho, 52 entities (operators, financial companies, etc.) have reviewed the document.
However, this matter seems to have already begun. At the end of 2018, President Xi Jinping signed an agreement with the Portuguese Foreign Minister Marcelo Rebelo de Sousa (Marcelo Rebelo de Sousa) on the world’s huge Chinese infrastructure project “New Silk Road”. The person spread the carpet for him. Red. China, which has a huge COSCO Group, is the favorite to invest in Sines. Sines saw the Portuguese Empire builder Vasco de Gama’s fleet set off in 1497 on its pier. However, since 2018, this trend has been significantly reversed.
Sines is 100 kilometers south of Lisbon and is the gateway to Europe from the Atlantic coast-the first deep-water port far away from Panama and the United States. Its appearance allows the handling of large container ships. With strong growth, by 2020, it has handled 42 million tons of oil, natural gas and products, and more than 2 million containers. Since its establishment in 1970, the “Sine Industrial Park” has been the core of Portugal’s development projects. If the port performs poorly in 2019, it will formulate a major expansion plan. The first investor in the current container terminal, the Singapore franchise company PSA, will invest 661 million euros. Plans for another $300 million in public investment. The new Vasco de Gama terminal covers an area of 46 hectares and will eventually need to handle 3.5 million containers.
“Sine wave is an important industrial and energy center and may become a European hub”, Environment Minister Joao Pedro Matos Fernandes (Joao Pedro Matos Fernandes) explained. The port already provides 30% of US LNG imports, and the government’s goal is to make it a place to use photovoltaic energy to produce green hydrogen. “We have six projects in this area with a total value of 7 billion euros. Fernandez added. Our country has always imported energy: we believe that because of green hydrogen energy, we will be able to export energy from Sines in ten years. “ Especially to the Netherlands and Germany.
You still have 70.06% of the articles to read. The rest only applies to subscribers.