Private companies invest €71 million in Bilbao port in 2017

Bilbao, Spain (Ports Europe) February 27, 2018 - The Port of Bilbao has reached an occupancy rate of nearly 83% in 2017 and private enterprise is investing some €70 million ($86.36 million) in strategic projects. Haizea Wind Haizea Wind is investing €37.4 million ($46.14 million) on industrial equipment and on starting up the plant for the manufacturing and exporting of marine wind towers and other components, which will enable the creation of 250-300 direct employment posts at maximum activity times. The plant will be completed in the first quarter of 2018, and in the second, manufacturing of the first sections will take place. Noatum Container In November, Noatum Container Terminal Bilbao, the company operating the container terminal, inaugurated its new automatic truck access system, and is now undertaking the extension of the rail terminal, with both projects amounting to €4 million ($4,93 million). At the same time, renewal of associated equipment means a further €6 million ($7.4 million) investment. Of the €34 million ($41.95 million) committed to investment in the Port of Bilbao for the 2016-2036 period, nearly €10 million ($12.34 million) are being dedicated to 2016-2018. Noatum Container Terminal Bilbao is part of China’s COSCO Shipping Ports Limited. ASK Chemicals. In November, ASK, a leading international reference company in the chemical sector, inaugurated the first stage of the unification of its business structures in the Port industrial zone. In the first stage, €7 million ($8.64 million) has been invested, while the second stage, which is already under way, will require an investment of nearly €3 million ($3.7 million). DBA Bilbao Port The petroleum products operator is fitting out its new plant in the industrial zone, which will come into operation in 2018 at a cost of €2.3 million ($2.84 million). Txeguru Servicios In the first half year, Txeguru completed the Works on its logistics centre, at a cost of €689,000 ($850,020). Gamesa Eólica The company has been licensed 74,000m² of lands destined to the loading, discharge and storage of large goods for the wind energy industry. A series of minor works, such as fencing off the lands, erecting modular offices and assembling a prefabricated pavilion will be carried out. Progeco Progeco is building a storage pavilion with eight bays that involves investment of some €873,000 ($1.07 million). C.Toro y Betolaza The company will transfer their general cargo terminal from Bizkaia Dock to Dock A-3, and so they will build a 21,600 m2 warehouse costing €5 million ($6.17 million). Cespa Gestión de Residuos Cespa will build an industrial waste processing plant on Dock A-1 of the Port Extension. Investment amounts to €1.4 million ($1.73 million) and their activity will commence in 2018. Saisa Port On Dock A-1 Saisa Port is also building a warehouse for solid bulks, mainly carbonate and bicarbonate of soda. Investment amounts to €1.3 million ($1.6 million), and the works have a seven- month completion period. Source: Port of Bilbao Copyright (C) Ports Europe. All Rights Reserved. 2018.

Private companies invest €71 million in Bilbao port in 2017

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Private companies invest €71 million in Bilbao port in 2017

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All news

New Caspian ferry line Turkmenbashi-Olya might finally launch

Kazakhstan’s ports handled 6.2 mln tonnes of cargo in Jan-Oct’24

DFDS bought Ekol Logistics at the end

Two cocaine shipments, 720 kg and 720 kg, seized in Vlissingen port

Malta sees reduced cruise ship passengers in Q3 2024

Our Expert Analysis

Latest Free Reads

Top Ports