The Portuguese port authority of Sines and Algarve (APS) is studying the concession for the future "Vasco da Gama" terminal at the Port of Sines, with an investment of around 700 million euros, after a previous tender failed in 2019.
The economic newspaper "ECO" reported that Moroccan port growth, particularly in Tangier Med and Nador, could affect the project's attractiveness to investors, in addition to high European environmental costs, where emissions trading system fees could reach 400,000 euros per vessel, while Moroccan ports are not subject to these fees.
The terminal aims to add 3 to 3.5 million tonnes of capacity, and the port authority is also working on a project for a new general cargo berth of 19 hectares, including rail connection and extension of the eastern breakwater by 400 metres.
This development reflects growing logistical competition in the region, where Moroccan ports have become a key player in the evaluation of European projects.
Tangier Med and Nador ports disrupt calculations for a 700-million-euro Portuguese project
source: al3omk.com
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