PSA Sines officially begins a new stage of the expansion phase at the Sines container terminal.
It is noteworthy that since 2000, the year that work began on the terminal, PSA Sines has already invested more than US$205 million (€200 million) in the facility.
In an effort to continue to facilitate the increase in cargo volume and meet the growing needs of its customers, PSA Sines has launched an expansion project, worth more than US$308 million (€300 million), called Phase III.
The expansion plan is expected to be fully completed by 2028 and will see the terminal double its annual handling capacity to 4.1 million TEU.
The inauguration of the additional 204m berth length marks the completion of the first stage of Phase III, now allowing PSA Sines to handle three large vessels at the same time.
“PSA has always believed that the port of Sines, with a deep-water port strategically located at the intersection of the North-South, East-West routes, the port offers a unique opportunity for the successful development of a best-in-class container terminal for our customers,” noted David Yang, CEO of PSA EuroMed & The Americas.
“Today, PSA Sines has already exceeded our highest expectations and has become a major regional hub capable of serving the most important shipping routes and receiving the largest container ships,” he added.
