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Taranto Cruise Port agreement

eqs_en 
0 0 16.11.20
Taranto Cruise Port agreement
 

Global Ports Holding PLC (GPH)
Taranto Cruise Port agreement

16-Nov-2020 / 08:36 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

Taranto Cruise Port agreement

Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that, the Port Network Authority of the Ionian Sea ("Port Authority") has awarded Global Ports Holding a 20-year concession to manage the services for cruise passengers in the Port of Taranto, Italy.

The cruise port infrastructure in Taranto is currently undergoing a state funded, c€28m investment program, including the building of a new cruise terminal. The construction of these new facilities is expected to be completed by the end of 2020.

GPH and Port Authority will now work towards agreeing the terms of a concession agreement. Following the successful execution of the concession agreement, GPH will use its global expertise and operating model to manage the cruise port operations in Taranto. The concession is expected to start in Q1 2021.

In 2019, the Taranto Cruise Port welcomed c9k cruise passengers, with a pre Covid-19 forecast of over 14k passengers in 2020.

 

 

CONTACT

 

 

For investor, analyst and financial media enquiries:

 

For trade media enquiries:

Global Ports Holding, Investor Relations

 

Global Ports Holding

Martin Brown

 

Ceylan Erzi

Telephone: +44 (0) 7947 163 687

 

Telephone: +90 212 244 44 40

Email: [email protected]

 

Email: [email protected]

 

 
ISIN: GB00BD2ZT390
Category Code: AGR
TIDM: GPH
Sequence No.: 87908
EQS News ID: 1148315

 
End of Announcement EQS News Service

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