DJ 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&euro28m 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 For trade media enquiries:
financial media enquiries:
Global Ports Holding, Investor Global Ports Holding
Relations
Martin Brown Ceylan Erzi
Telephone: +44 (0) 7947 163 687 Telephone: +90 212 244 44 40
Email: Email:
martinb@globalportsholding.com ceylane@globalportsholding.com
ISIN: GB00BD2ZT390
Category Code: AGR
TIDM: GPH
Sequence No.: 87908
EQS News ID: 1148315
End of Announcement EQS News Service
(END) Dow Jones Newswires
November 16, 2020 03:36 ET (08:36 GMT)
© 2020 Dow Jones News
