Chinese investors to bid for port concession in Portugal

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A minimum of five Chinese consortia are reportedly interested in bidding to develop a new container terminal at the Port of Sines in southern Portugal. A tender for a concession contract to build and operate the terminal and port infrastructure is thought to be launching this year.

The terminal is expected to be delivered in two phases. The first will require US$300 million investment, and the second an additional US$350 million. It will operate alongside an existing container terminal managed under a concession contract by the Port of Singapore Authority.

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