On 21 May 2019, following formal approval by the relevant competition authorities, PSA International Ptd Ltd (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF), advised by IFM Investors, have completed the transaction to jointly acquire DCT Gdańsk, the largest container terminal in Poland.
DCT Gdańsk is one of the fastest growing container ports in Europe and the only terminal in the Baltic that can serve Ultra Large Container Vessels (ULCVs) with a capacity of up to 23,000 Twenty-Foot Equivalent Units (TEUs). Container volumes handled by the terminal have grown steadily over the years to reach 1.9 million TEUs in 2018.
The terminal has a quay length of 1,306 meters and a maximum depth of 17 meters. DCT Gdańsk is already undergoing expansion, which will be completed in the course of 2019 and 2020. The consortium partners have the intention to further strengthen the terminal’s position and to look into additional expansion needs as and when relevant.