PSA International, the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) have completed the transaction to jointly acquire DCT Gdansk, the largest terminal in Poland.
The partners have received formal approval from relevant competition authorities to buy the only terminal in the Baltic that can serve ultra large container vessels (ULCVs) with a capacity of up to 23,000 teu.
Container volumes handled by the terminal have grown steadily over the years to reach 1.9m teu last year.
The terminal has a quay length of 1,306 m and a maximum depth of 17 m. DCT Gdansk is already undergoing expansion, which will be completed in the course of 2019 and 2020.
A statement from the partners noted that the consortium intends to “further strengthen the terminal’s position and to look into additional expansion needs as and when relevant”.