Ports of Barcelona and Tarragona invest in the Monzón Intermodal Terminal

Tarragona, Spain (PortSEurope) October 22, 2021 - The Port of Barcelona has acquired a 10% stake in the Monzón Intermodal Terminal (TIM), and the Port of Tarragona a holding of 5%. TIM is controlled by the SAMCA group with a 75% holding. The remaining 10% is held by LogiRAIL of the Renfe group. This arrangement is part of the 'Horizon 2023' plan of the port, which will consolidate a number of activities surrounding the port's infrastructures. This will include the PortTarragona Terminal Guadalajara-Marchamalo, the Logistics Activities Zone (ZAL) and the expansion and improvement of the Boella Intermodal terminal by the hand of CTC-Combi Terminal Catalonia (joint venture led by BASF). In addition to the leap forward that will involve the launch of the two land connections such as the Mediterranean Corridor and the Coll de Lilla tunnel on the A-27. The two Catalan ports are just 100km apart and taking a mutual stake in TIM will align commercial and growth opportunities. TIM Monzón is a key infrastructure in the development of the Port of Tarragona, focused on increasing the capacity and volume of traffic such as agri-food and also to boost general cargo. The commercial relations between the Port of Tarragona and Aragón are very close since the Tarragona infrastructure is the gateway for agri-food products that are used to manufacture feed destined to feed more than 140 million animals of the Aragonese and Catalan livestock companies. The Port of Tarragona moves around 5 million tons of agri-food products every year and is a leading port in the state port system in this type of traffic. With the entry into the shareholding of TIM, the Port of Tarragona will improve the services it provides to customers in its hinterland, will promote the transport of goods by rail and will contribute to the reduction of C02 emissions into the atmosphere. The presence of the Port of Barcelona is key to increasing TIM's business possibilities, because it will boost, among other things, the meat exports of its “termoTIM” reefer container (with controlled atmosphere) division. The signing of the incorporation of both ports to the company's share capital took place at the Casa Llotja facilities in Barcelona, in a ceremony chaired by the Minister of Economy, Planning and Employment of the Government of Aragon, Marta Gastón , and by the General Director of Transport and Mobility of the Generalitat de Catalunya, Mercé Rius , in which the president of the Port of Barcelona, Damià Calvet, took part ; the president of the Port of Tarragona, Josep María Cruset ; the president of Renfe, Isaías Taboas ; the general director of LogiRAIL, Óscar Gómez ; the president of Grupo Samca, Javier Luengoand its CEO and CEO of TIM, Rubén Orera . The president of the Port of Tarragona, Josep Maria Cruset, explained that “the commercial relations between the Port of Tarragona and Aragon are very close since the Tarragona infrastructure is the gateway for agri-food products that are used to manufacture feed intended to feed more of 140 million animals of the Aragonese and Catalan livestock companies ”. TIM TIM began its activity in August 2011 and in which public, railway and maritime companies of the Spanish logistics sector also participate. TIM broke its activity record in 2020 moving 1,100 trains and almost 50,000 containers. In addition to being the only railway terminal in the national territory that brings together three different activities: dry container (TIM), reefer container (termoTIM) and bulk merchandise (agroTIM), the Monzón Intermodal Terminal has great potential for growth and has been officially recognized as a sustainable project that contributes to the fight against climate change: its operation can prevent the circulation of 25,000 trucks per year and the emission of more than 5,000 tons of CO2 per year into the atmosphere. Copyright (C) PortSEurope. All Rights Reserved. 2021.

Ports of Barcelona and Tarragona invest in the Monzón Intermodal Terminal

All news

Kazakh ambassador visits Shahid Rajaee Port, Iran

Russia’s Makhachkala port privatized, new owner is a sanctioned billionaire

India operates first phase of Chabahar port, Iran

Russia’s Far Eastern ports to grow cargo to 316 mln tonnes by 2030

Finland seized tanker with Russian oil suspected of damaging Baltic power, internet cables

Our Expert Analysis

Latest Free Reads

Top Ports

Ports of Barcelona and Tarragona invest in the Monzón Intermodal Terminal

Share this news:

All news

Kazakh ambassador visits Shahid Rajaee Port, Iran

Russia’s Makhachkala port privatized, new owner is a sanctioned billionaire

India operates first phase of Chabahar port, Iran

Russia’s Far Eastern ports to grow cargo to 316 mln tonnes by 2030

Finland seized tanker with Russian oil suspected of damaging Baltic power, internet cables

Our Expert Analysis

Latest Free Reads

Top Ports