APM Terminals takes over Petlim Turkish container port in Izmir
Time：2016-01-12
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The agreement for construction and operation of the container terminal divides the costs between Petlim Limancilik Ticaret AS that built the US$300 million terminal and APMT, which will provide the machinery to run it.
The total cost is expected to run to $400 million for the 28-years concession, reports NewsMaritime.com.
The operations in the port will start in several months as the operator is acquiring cargo handling facilities and machinery.
The annual capacity of the port will be 1.5 million TEU, which is planned to expand to four million TEU. The port will be able to handle containerships with capacity over 11,000 TEU and shipping channel and berth are dredged to dock even larger ships.
The container terminal has options for increasing storage area and will be equipped with most modern cargo handling machinery and facilities.