At the same time APMT agreed to invest over US$115m over the first five years of operation to make the port more competitive as a North Europe freight hub for the Nordic markets.
Most of the investment will target infrastructure improvements, including three super post-Panamax quay cranes, 10 new straddle carriers and the expansion of the rail terminal. The facility is the only one in Sweden with the capacity to receive the world’s largest container vessels.
It is almost two years since the port was divided into a municipal port authority and three separate terminal companies, in the hope that private ownership will give a new impulse to investment, competitiveness and cargo volumes. The quays, land and infrastructure remain in the municipal authority’s ownership, while private companies now handle the operational side of the Ro/Ro, the car and now the container terminals, the third and final terminal to be transferred to an external operator.