Port of Thessaloniki proceeds with Pier 6 expansion project
The project is expected to upgrade the second-largest container hub in Greece by providing the ability to directly serve Ultra Large Container Vessels (ULCVs) with a capacity of up to 24,000 TEU.
According to the specifications, the project “Expansion of the Marine Works Infrastructure of Pier 6” includes:
- Construction of a new additional quay wall 513m long, of which 470m will have a depth of 17,7m.
- Construction of an additional yard area, 306,5m wide.
- All the additional required infrastructure works for ensuring full operability of the new quay wall and the yard area.
"The implementation and completion of the project contribute substantially to economic and social development with various and multiplier benefits on a local and national level," said Thessaloniki Port Authority (ThPA).
Specifically, the Pier 6 expansion project during its implementation period (2022-2025), according to a study by Deloitte, has been estimated it will generate annual revenues of over €230 million (US$257 million) throughout the port ecosystem, will increase public revenues from direct and indirect taxes over €35 million (US$39 million) per year, will generate an added value of over €90m (US$100 million) per year during the construction period, and will support the creation of more than 3,300 jobs.
Additionally, in the period 2026-2035, the ten-year full operation of "Pier 6" is expected to generate annual revenues of €272 million (US$304 million) throughout the port supply chain, increase public revenues from direct and indirect taxes of over €55 million (US$61 million) per year, generate an added value of over €177 million (US$197 million) per year and support the creation of over 4,000 jobs.
"The implementation of the project of Pier 6 expansion, contributes substantially to the economic and social growth, offering various and multiplier benefits for ThPA S.A. and more broadly for the businesses associated with port activities, both locally and nationally," said the executive chairman of the board of directors of ThPA SA, Athanasios Liagkos, who pointed out that the completion of the project "marks the substantial upgrading of the position of the Port of Thessaloniki in the global port industry and the supply chain sector, strengthening its leading role in the country's international development."
For More Information:
Read more here