The world’s second-largest shipping line, Switzerland-based MSC Mediterranean Shipping Company S.A., has announced they will be making a significant investment in the construction of Portugal’s largest dry port through their rail freight operator Medway in Iberia.
The new dry port is being constructed to address the growing needs of exporters and shippers in the north of Portugal.
When complete, the new railway station at Lousado will serve the second largest economic region in the country through direct connections to the Port of Sines, located on the Atlantic seaboard of Portugal.
The new terminal will be approximately 200,000m2 in an area with a storage capacity for 10,000 twenty-foot-equivalent units (TEUs). Six European standard rail lines of 750m each will be installed, handling 12 to 14 trains each day.
Portugal is planning a major overhaul for rail connectivity in the country with several large investments in infrastructure being made, including 19 rail projects with a total budget of 4.1 billion euros. The Lousado terminal will be connected to their national rail network as well as the main corridors to the Port of Sines, this allows for trans-border services connecting the Iberian Peninsula to the rest of Europe.
Chief Logistics Officer for MSC, Giuseppe Prudente said, “We are very pleased to implement this new agreement, which will lead to the construction of what will be the largest dry terminal in the Iberian Peninsula.”
The required licenses to begin construction are awaiting approval, while an estimated completion date has been set as March 2020. The terminal when complete will be replete with state-of-the-art technology and will create more than 90 direct and indirect new jobs.
Mr. Prudente further added, “Using the latest-generation technology, this will be among the most modern dry terminals in the world and the answer to the logistics needs of local companies, making exports and imports easier and thus contributing to the region’s prosperity,” Giuseppe Prudente says. “At the same time, this is a demonstration of our commitment to become more efficient and sustainable, providing the service that our customers need, every day.”