Invitation for Applicants to Submit Proposals for the Klaipėda Southport Development Plan Project at the Klaipėda Port
The Klaipėda Southport Development Project, a major initiative aimed at expanding and modernizing the port facilities in Klaipėda, Lithuania, is set to be a transformative step for the Port of Klaipėda and the country's maritime economy.
Expansion on a Grand Scale
The Southport Development Project marks the most extensive expansion in the Port of Klaipėda's history. The project involves reclaiming approximately 100 hectares of new port territory and constructing 1.3 kilometers of new quays. This expansion is expected to significantly increase Klaipėda's cargo handling capacity.
Progressing on Schedule
Preparatory work for the project, including technical feasibility studies, navigational studies, environmental impact assessments, geotechnical investigations, and commercial structuring, is progressing on schedule. The development timeline is aligned with its planned schedule, with the construction permit for the Klaipeėda Southport Development Project expected by the end of 2025.
Advanced Industrial and Logistics Opportunities
The project is designed to host state-of-the-art port terminals, manufacturing facilities, and other high-value industrial activities. This creates new opportunities for advanced industrial and logistics operations, further reinforcing Klaipėda's position as the largest and most dynamic port in the Baltic States.
A Unique Investment Opportunity
Algis Latakas, CEO of the Port of Klaipėda Authority, commented that this is a unique opportunity to invest in the future of Baltic maritime trade. The Port of Klaipėda has announced a request for expressions of interest (EOI) in the Klaipeėda Southport Development Project, inviting qualified international and domestic port terminal operators, industrial developers, and investors to submit their interest.
Public-Private Partnership Structure
The Klaipeėda Southport Development Project is structured as a public-private partnership (PPP) to leverage both public and private sector strengths. The partnership involves long-term concession agreements, where the private partner finances, builds, and operates specific port facilities under agreed terms, with performance benchmarks to safeguard public interests. Risk-sharing mechanisms are in place, allocating construction, financial, operational, and market risks based on party capabilities.
For more information and the EOI documentation for the Klaipeėda Southport Development Project, visit Klaipeėda Port's website. The project is a transformative step for the Port of Klaipėda and for Lithuania's maritime economy, offering a unique investment opportunity in the heart of the Baltic Sea region.
Sports activities in the region could leverage the advanced infrastructure offered by the Klaipeėda Southport Development Project, potentially boosting the local tourism economy.
The expanded port facilities, as part of the public-private partnership, may encourage environmentally conscious businesses to invest in sustainable transportation methods, enhancing the local economy and ensuring a greener future for Klaipėda.
