Construction of a container terminal at the port of Sillamae (Estonia) is scheduled for completion in late 2011, PortNews IAA reports citing Andrei Birov, the marketing manager for SILPORT jsc. Mr. Birov said the company had been currently looking for a general investor or operator of the project. The projected capacity of the terminal will be at 1 million TEUs a year.
 
"If we find a reliable operator, we could take the bank credit for the terminal completion and transfer the terminal to rental operator. We hope, a Russian partner-operator could come. In that case we would be ready to add our investment and to complete the terminal in a year over through a bank loan", Andrei Birov was quoted as saying.
 
The completion phase of the terminal includes a 850-m moorage wall and dredging of four berths to 14.5 m, as well as installation of purchased gantry cranes. A 40-hectare platform on increased coastline for the containers has been prepared, Mr. Birov said.

To read interview with Andrew Birovym see February 24 "Relevant Topic"