Luka Koper Plans Investments to the Tune of EUR 450m
Luka Koper, the operator of Slovenia's sole seaport of Koper, plans long-term investments in the amount of EUR 450m for the extension of two piers and the construction of a third pier, chief executive Robert Casar told Finance on Wednesday.
The extension of the container pier by 350 metres, estimated at EUR 110m, would effectively double transshipment capacity, while the expansion of the second pier would provide additional space for about 60,000 vehicles a year as well as liquid cargo.
After the first pier is extended the company plans to start building the third pier, which has a price tag of EUR 180m. It would span 41 hectares and have the capacity for 600,000 container units a year, Casar told the business daily.
The third pier, once finished, would be a dedicated container pier, while the first pier would be used for cars and general cargo. Casar said that additional capacities are also planned in the hinterland, to make room for the handling of about 450,000 containers a year and a distribution centre.
The long-term objective is the transshipment of one million container units a year, Casar explained. The investments would be funded with long-term loans and European funding.
However, Casar was quick to point out that these projects would be in vain if the second rail track between Koper and the mainland hub of Divaca is not built by 2015 as planned.
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