Global Ports Holding PLC: Tarragona Cruise Port agreement (1273357)
27 January 2022 - 6:00PM
UK Regulatory
Global Ports Holding PLC (GPH) Global Ports Holding PLC:
Tarragona Cruise Port agreement 27-Jan-2022 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS
Group. The issuer is solely responsible for the content of this
announcement.
-----------------------------------------------------------------------------------------------------------------------
Global Ports Holding Plc
Tarragona Cruise Port agreement
Global Ports Holding Plc ("GPH" or "Group"), the world's largest
independent cruise port operator, is pleased to announce that the
Tarragona Port Authority ("Port Authority") has awarded Global
Ports Holding a 12-year concession, with a 6-year extension option,
to manage the services for cruise passengers in Tarragona,
Spain.
In Q3 2021, a EUR30m investment into the port infrastructure in
Tarragona Port was completed. This investment programme included a
new cruise pier in the "moll de balears" which can now handle the
world's largest cruise ships, while berth capacity has been doubled
to four ships at any one time. In addition, as well as expanding
the general area available for cruise operations, the Port
Authority has invested in the provision of shore power, which will
significantly reduce the Co2 emissions from cruise ships while they
are in port.
Under the terms of the agreement, GPH will invest up to EUR5.5m
into building a new state of the art modular cruise terminal, which
will utilise solar power to ensure the sustainable provision of the
terminal's energy needs. The new terminal will provide cruise
passengers with an improved port experience, including retail and
F&B opportunities, while new coach and car parking facilities
will significantly improve the ports transport infrastructure. The
innovative modular design of the terminal will provide maximum
flexibility to adapt the terminal to meet future capacity needs and
to provide a vibrant and exciting event space in Tarragona.
In 2019, prior to the increase in berth capacity, Tarragona
cruise port welcomed c130k cruise passengers. Tarragona is situated
less than an hour's drive from Barcelona airport and the recently
completed investment into the port infrastructure and the planned
new terminal will significantly improve the port's attractiveness
for turnaround operations in the region.
The addition of Tarragona to GPH's cruise port network means
than upon the successful conclusion of all outstanding and
previously announced concession agreement awards, the total number
of cruise ports GPH operates and manages will rise to 23.
Emre Sayin, Chief Executive Officer, said:
"Tarragona Cruise Port is an important addition to our cruise
port network, strengthening our growing presence and capabilities
in the Iberian Peninsula and the West Med.
We are very grateful to Tarragona Port Authority for placing
their trust in GPH as the operator of Tarragona Cruise Port and we
very much look forward to working with all stakeholders to grow
cruise passenger volumes in Tarragona sustainably and
responsibly."
CONTACT
For investor, analyst and financial media enquiries: For media enquiries:
Investor Relations Global Ports Holding
Martin Brown Ceylan Erzi
Telephone: +44 (0) 7947 163 687 Telephone: +90 212 244 44 40
Email: martinb@globalportsholding.com Email: ceylane@globalportsholding.com
-----------------------------------------------------------------------------------------------------------------------
ISIN: GB00BD2ZT390
Category Code: AGR
TIDM: GPH
LEI Code: 213800BMNG6351VR5X06
Sequence No.: 139111
EQS News ID: 1273357
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1273357&application_name=news
(END) Dow Jones Newswires
January 27, 2022 02:00 ET (07:00 GMT)
Global Ports (LSE:GPH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Global Ports (LSE:GPH)
Historical Stock Chart
From Apr 2023 to Apr 2024