Nordic Investment Bank Finances Ystad Port Expansion

Image source: NIB

Nordic Investment Bank (NIB) and the Municipality of Ystad in southern Sweden have inked a 25-year loan agreement worth EUR 48 million to finance the expansion of the city port.

The expansion project will allow the port to take advantage of growing traffic volumes along the Ystad – Swinoujscie route and to handle larger vessels as well as more cargo.

The port will expand southwards and make it possible for larger ferries to traverse the outer basin, according to the NIB’s latest release.

Under the agreement, two new berths will be constructed and the breakwater on the south side is set to be expanded. The inner port area will be used for passenger traffic after the expansion is completed in 2021.

The new port infrastructure will remove bottlenecks and accommodate an increase in cargo and tourism over the next decade. Given growing trade economic interaction and tourism, shipping and port operations are crucial for the Baltic Sea in promoting interconnection and revenue opportunities,” said Henrik Normann, NIB President & CEO.

The Port of Ystad is one of the largest ferry and shipping points in Southern Sweden, and a connection hub to Bornholm, Poland and Central Europe.

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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