The Hungarian government and the private companies Teseco and Seastock signed a sale contract for the construction of a new multipurpose terminal in the Noghere area. The total investment is estimated to be worth about EUR 100 million, tells a press release of the port of Trieste.
The agreement, which was signed in a meeting with the Port Network Authority of the Eastern Adriatic Seaheld at the offices of the Friuli Venezia Giulia Region, in the presence of the President of the Port Network Authority of the Eastern Adriatic Sea Zeno D’Agostino among others, will improve the port of Trieste’s position as a strategic European hub, the maritime and logistical gateway to continental Europe.
Over the last three years, thanks to rail cargo links the port of Trieste has emerged as a crucial hub for major logistics chains to and from Hungary (such as the automotive sector), with 14 weekly pairs of trains between Trieste and Budapest.
“The Free Port regime played a key role in convincing Hungary, which is one of the most dynamic markets we are working with,” explains Zeno D’Agostino, President of the Port Network Authority of the Eastern Adriatic Sea, and adds: “This investment concerns operations with a great degree of added value, and ushers in a new era for the port of Trieste.”
The area subject to the agreement, which once hosted the Aquila petroleum refinery, features a quay with a draft of 13 meters, and will be dedicated mainly to Hungarian foreign trade. With an ample rear-quay logistics area for the stocking and handling of cargo, the site will also provide opportunities for developing all kinds of traffic of interest to the port, especially in maritime and logistical terms. The area, which is located to the south-east of the port of Trieste, is linked to the rail network and has a surface area of about 320,000 m², including about 60,000 m² of public land along the coast administered by the Port Network Authority of the Eastern Adriatic Sea.
