The Busan Port Authority concluded a development agreement for establishing the BPA-Rotterdam Distribution Center with the Port of Rotterdam Authority, on June 19, at the Busan International Passenger Terminal.
The construction and operation project for the Rotterdam Distribution Center is the first global logistics platform provided by the BPA.
The agreement, a follow-up of the letter of intent (LOI) concluded on November last year, will allow the lease of a 50,000 ㎡ space in the Maasvlakte west area of the Rotterdam’s Distripark for 50 years. The Maasvlakte area is the most recently developed Distripark in the Port of Rotterdam, boasting an optimal environment for logistics business with its deep-sea container ports and excellent road transportation network.
After the development agreement is concluded, the BPA will choose a consigned operator via open bidding, followed by designing, receiving permit, and constructing the distribution center so that it is ready to be officially open by the first half of the year 2021. Moreover, by the second half of this year, the Authority is planning to proceed with pre-sales activities both at home and abroad to attract domestic shippers, forwarders, Korean companies with manufacturing factories in Asian countries.
The BPA president Nam said, “The BPA is planning to actively support Korean manufacturing and logistics companies to expand in the European markets and improve their competitiveness,” and added that “by consistently securing logistics center overseas in cooperation with Korean companies, we would like to strengthen the global logistics network of Busan Port and actively attract new volumes.”