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Terminal operator MSC PSA European Terminal (MPET) has signed a loan agreement for €425,000 to finance the relocation of MPET’s Delwaide dock terminal at the port of Antwerp to the nearby Deurganck dock.

Upgrade work for the inner lock gates at the Port of Cardiff in South Wales has been completed at a cost of £2million upgrade, as part of wider infrastructure improvements to three Welsh ports.

Indian billionaire Gautam Adani is to invest $3.2 billion to expand capacity at Gujarat’s ports to 100 million tonnes per annum by 2020. The investment will come via his diversified multinational firm, the Adani Group.

Financial terms have been agreed between Abu Dhabi Terminals (ADT) and the Abu Dhabi Commercial Bank (ADCB) for the development of Khalifa Port Container Terminal (KPCT). The $82 million project will see annual container capacity rise by an estimated 500,000 TEU.

India’s Transport Minister, Nitin Gadkari, has announced investment of $1.9 billion to build a new port in the Sagar Islands in West Bengal.

The governments of China and Sri Lanka have announced plans to collaborate on a range of port investment projects, with a view to creating a 21st Century Maritime Silk Road. Key amongst these are plans by China to invest $1.4 billion in a new port city at the Port of Colombo in Sri Lanka.

The UAE is set to extend further funding for port development in Morocco via its state-run Abu Dhabi Fund for Development (ADFD).

South Africa’s Transnet National Ports Authority (TNPA) has announced plans to tender new port terminal projects across the country in the coming months and is also consider the development of a new deep-water harbour at Boegoebaai, north of Port Nolloth, according to chief executive, Tau Morwe.

Deutsche Bank has arranged €135 million in financing for Damen Shipyards and the Government of the Bahamas to support port facilities enhancement and fleet renewal in the island state.

A new $150 million port is to be constructed in the Multiboyas area of Lambayeque in Peru to service the country’s growing mining sector as well as agricultural exports, fishing and potentially cruise liners, the local Andina news agency reports.

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

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