BMGS to build dry cargo terminal at Ventspils port
Free Port of Ventspils Authority has awarded stock company BMGS a contract for construction a new terminal for handling dry cargo, the Port Authority said. The contract worth LVL 9.5 million was signed on May 30, 2012.
The new facility is expected to be completed by the end of 2013. The project will be partly funded by the European Union.
The dry cargo terminal will be handling timber. The port capacity expansion has been the port’s agenda for nearly 7 years, the authorities said. The project includes the construction of berths, dredging, the engineering networks, overhaul and construction of railway tracks.
Latvia’s Free port of Ventspils is a deepwater ice-free port. The country’s premier port ranks among leading ports on the Baltic Sea and top 20 European ports. The port can accommodate Aframax size tankers of 130.000 DWT and Panamax vessels of 75.000 DWT. The port encompasses 2623,9 hectares with terminals for handling oil products, crude oil, liquid chemicals, mineral fertilizer, metals, forest products, coal, grain, juice concentrates, containers and Ro-Ro cargoes. In 2011, cargo traffic at the port rose 15% year-on-year to 28.5 mln tons.