Global Ports Holding PLC Agreement (5716A)
12 September 2018 - 9:06PM
UK Regulatory
TIDMGPH
RNS Number : 5716A
Global Ports Holding PLC
12 September 2018
Global Ports Holding Plc
Concession agreement signed for Zadar Gazenica Cruise Port,
Croatia
Global Ports Holding Plc ("GPH Plc" or "Group"), the world's
largest independent cruise port operator, is pleased to announce
that it has signed a 20-year concession agreement ("the
Agreement"), between its wholly owned operating subsidiary Zadar
International Port Operations d.o.o. and the Port Authority of
Zadar for the operating rights of the Gazenica cruise port in
Zadar, Croatia. This agreement follows the announcement made by GPH
on the 19(th) March 2018 that the Port Authority of Zadar had
issued an award decision to grant a concession to GPH subject to
entering a final concession agreement.
Under the terms of the Agreement, GPH will from Q4 2018, use its
global expertise and operating model to manage all of the cruise
port operations at Gazenica port over the life of the concession.
The concession includes cruise ship passenger port and terminal
services, an international ferry terminal, Ro-Ro services, vehicles
and passenger services. It also contains a commercial area of
2,400sqm, with leasable retail and office space. The cruise ports
infrastructure includes a maximum draft of 13m and 1170m of total
pier length to accommodate big ships. In 2017, Zadar welcomed 137k
cruise passengers, with schedule calls for 2018 suggesting that
this will grow to close to 150k passengers for 2018.
Zadar is a historical town on the Adriatic coastline in Croatia,
it is well positioned near a number key cruise ports in the region,
including Venice and it offers cruise passengers an easily
accessible old town with Roman ruins, medieval churches and 16(th)
century fortifications. While the surrounding areas offer a host of
sites and activities for cruise passengers who wish to venture
further afield.
Gazenica cruise port is the second new cruise port GPH has
signed in 2018, increasing the number of ports we operate to 17
ports in 9 countries. The pipeline of new cruise ports remains
strong and we will update investors on the pipeline as and when it
is appropriate to do so.
Global Ports Holding, CEO Emre Sayin said:
"We are delighted to have signed the concession agreement for
Zadar Gazenica cruise port and very much look forward to working
with our local partners to position Zadar as an important cruise
port in the Adriatic, driving an increase in passenger volumes to
the port as well as developing the cruise port and wider visitor
experience in Zadar to the benefit of cruise passengers, the port
authority and the local community."
CONTACT
For investor and analyst enquiries: For media enquiries:
Global Ports Holding, Investor Relations Brunswick Group LLP
Martin Brown, Investor Relations Director Azadeh Varsi, Will
Rowberry and Imran Jina
Telephone: +44 (0) 7947 163 687 Telephone: +44 (0) 20 7404
5959
Email: martinb@globalportsholding.com Email: GPH@brunswickgroup.com
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END
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