…at Klaipeda Port, through its locally based operating subsidiary LK AB Klaipedos Smelte.
The European Bank for Reconstruction and Development (EBRD) is considering supporting Terminal Investment Limited with a Euro 32.5 million loan for the expansion of the terminal.
The Euro 65 million brown-field expansion project will provide additional gateway capacity for Lithuania and transit markets and will transform the terminal into a trans-shipment hub for MSC in the Baltic region.
This infrastructure project will increase container handling capacity in the region, and introduce new products and services contributing to a more competitive environment in the sector and eventually to a higher economic growth. The economies of scale of deep-sea services linked to intermodal operations to be offered by company are expected to further increase transit and trans-shipment container volumes in Lithuania and neighbouring markets and simultaneously reduce costs of transportation to major markets serviced by Baltic ports.