Following a call for tenders the Port Authority of Lisbon selected the preferred bidder to grow the Lisbon Cruise Terminal in calls cruise passengers as well as increasing the turn-around operations with a view to double the current traffic of 550000 passengers in the medium term.
The preferred bider is a consortium involving Global Ports Holding Royal Caribbean Cruises Ltd Creuers del Port de Barcelona S.A. and Grupo Sousa – Investimentos SGPS LDA for the Built Operate Transfer (BOT) contract of the Lisbon Cruise Terminal. The 35-year contract will include the construction and the operation of a landmark cruise terminal on a public-service concession basis at the Lisbon Cruise Terminal.
The new terminal is expected to provide the port with an estimated 1.8mn passengers while supporting the growth of turnaround business and as such contributing favorably to regional tourism and economy. The construction of the new Lisbon Cruise Terminal estimated to cost Euro 24mn in total investment and will start in early 2014 with expected completion by the end of 2015.
Arpak Demircan the Deputy CEO of GPH said “We as GPH have been targeting organic growth till now while revamping efficiency systems and marketing processes in our Turkish ports. Having also successfully integrated our three ports we are currently focusing on inorganic growth. In that vein we acquired 62% of the Port of Bar and 43% of Creuers del Port de Barcelona S.A. through Barcelona Port Investments in partnership with Royal Caribbean Cruises Ltd. one of the world’s leading cruise operators.Now joining forces again with Royal Caribbean we are targeting to add the Lisbon cruise terminal to our expanding portfolio of international assets.
Once completed with the addition ofLisbon Cruise Port to the existing portfolio of Barcelona Malaga Singapore KuÅŸadası Bodrum and Antalya Ports GPH will reach 10mn cruise passengers worldwide and this will make us the world’s largest cruise operator.”
GPH has bid for the concession in an SPV wherein 40% is held by GPH 30% by Grupo Sousa Investimentos SGPS 20% by Royal Caribbean Cruises Ltd. and 10% by Creuers Del Port Barcelona S.A.
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