en.Wedoany.com Reported - The Cosco and PTP Ibérica alliance showcased the multi-purpose terminal operation project at the Andalusia Terminal of the Port of Tarragona during the SIL Barcelona exhibition. The alliance plans to transform the Port of Tarragona into a logistics hub for both operators in the Mediterranean region, serving as a transportation link connecting the Far East and Latin America. Diego Nieves, Director of PTP Ibérica and spokesperson for the joint venture, stated that the project aims to become a key infrastructure node to accelerate the upcoming commercial integration between the European Union and Mercosur.
The proposal, approved by the Port Authority's board on May 27, will launch the first major Euro-Mediterranean platform jointly managed by Latin American and Chinese partners. The project has secured a 50-year concession covering the entire concessionable area of the terminal (over 452,000 square meters) and the Boella rail port terminal (58,000 square meters). Nieves emphasized that the Port of Tarragona, located at the intersection of the Mediterranean Corridor and the Ebro Corridor, can efficiently manage logistics flows between the Mediterranean coast, the Iberian Peninsula interior, and the European continent. The terminal features over 1,050 meters of berthing line and a water depth of 15 meters, enabling simultaneous operations for multiple vessels. The operational area is divided by function, covering container, general cargo, vehicle, and cold chain logistics zones, as well as auxiliary facilities and operational areas.
The joint venture will commence operations by the end of 2026 after the concession is granted. Construction works to enhance space capacity and operational efficiency are planned between 2027 and 2028, with completion expected in 2028. The terminal will be fully operational by the end of that year, reaching its maximum capacity estimated at 680,000 TEUs. In terms of traffic volume, gradual growth is expected between 2027 and 2033, with volume increases maintained throughout the terminal's lifespan as more services are added to existing ones. The alliance commits to a minimum of 360,000 TEUs in operations starting from 2031, with at least 200,000 TEUs being containers and the remainder consisting of other general cargo.
Cosco Shipping Ports, a subsidiary of Cosco, will contribute its global terminal network and international maritime connectivity, while Cosco Shipping Bulk will provide operational and commercial expertise in multi-purpose transportation and maritime logistics. PTP will strengthen the project with its experience in port operations, integrated logistics, and refrigerated cargo. Diego Nieves stated that the project will directly connect the Port of Tarragona with Cosco Shipping Ports' terminal network in Southeast Asia and Africa, as well as PTP's port facilities in South America, leveraging Cosco Shipping Bulk's multi-purpose fleet for connectivity. The alliance announced an investment of over €116 million to equip the terminal with ship-to-shore container cranes, electric machinery, and advanced digital systems, enabling a semi-automated operational model to enhance efficiency, sustainability, and safety. The terminal will create approximately 150 direct jobs in the first phase, increasing to around 180 when it reaches full operational capacity.
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