POLAND's
Port of Gdynia Authority along with the Ministry of
Investment and Economic Development have selected the transactional advisor to
provide consulting services for the deep-water outer port project that is to be
built through a public-private partnership.
The plan calls for a deep-water outer port to be built on
artificial land near the existing quays of Slaskie and Szwedzkie, to increase
the port area by 151 hectares and its cargo handling capabilities by 2.5
million TEU in an effort to boost its competitive position in the Baltic Sea
region.
The offer, filed by contractors acting together, ie,
Ernst & Young, Domanski Zakrzewski Palinka (DZP) and WYG International, was
selected during the proceedings.
The advisor will be responsible for addressing the
project's economic, financial, legal and technical issues. Cooperation with an
experienced advisor is expected to result in the selection of the best private
partner to carry out the project, reported St Petersburg PortNews.
Subsequent investment stages could not happen without
port-related legislative support. In August a special law was passed regarding
the building of outer ports. The goal is to facilitate the efficient completion
of investments in seaport development projects. According to the ministry,
without the new law the process of preparing such investments would take seven
years, but thanks to the act it will be reduced to three to four years.
Source : HKSG / Photo : Wikipedia.
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