APM Terminals (APMT) has held a ceremony after investing €380 million ($407 million) in the Croatian Rijeka Gateway terminal.
The event marks the start of construction of the planned Rijeka Gateway terminal. According to APMT, this is the largest investment in the Port of Rijeka’s history, and it is expected to produce more than 300 jobs on the terminal itself.
Over the next two years, more than €200 million ($214 million) will be invested in the first phase, with an additional €180 million ($193 million) planned for the second phase over the next 10 years.
The container terminal is scheduled to open in 2025.
CEO and Chairman of the Management Board of Rijeka Gateway, Koen Benders, said: “The construction of the terminal will have a positive impact on the local economy.
“With increased economic activity and engagement of local partners, more than 300 new jobs are expected to be created within the terminal alone, whilst indirect employment in the region will be many times higher.
“In addition, Rijeka Gateway will be the first port on the Adriatic with remote-controlled, electrical container cranes, and with a quay depth of 20 metres, we are ready to welcome some of the world’s largest container vessels.”
With a concession tenure of 50 years, the terminal will act as a primary access point to hinterland nations and markets.
It will also play an important role in the growth of the local economy, since most project contracts are and will continue to be completed by domestic and local businesses. As a result, this initiative is crucial for Croatia.
Rijeka Gateway marks the 66th terminal in the portfolio of APMT. The Rijeka Gateway was announced in November 2021 in partnership with ENNA Group.