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Shipping and Transport news from Northern Adriatic Sea

Port of Trieste, Hungary ready to invest 100 million euros

TRIESTE - The Hungarian government and the companies Teseco and Seastock signed yesterday a contract for the construction of a new multi-purpose terminal in the Port of Trieste (in the picture, the area and a rendering of the previous project).

The total investment, which includes the purchase, environmental safety and development of the project, is estimated at about 100 million euros. The area affected by the agreement, formerly home to an oil refinery, is equipped with a quay with a 13-meters draft and will be mainly destined to Hungarian foreign trade. Including a large logistic area behind the quay suitable for the storage and handling of freight, the site will also offer an opportunity for development for all traffic in the Port of Trieste. The area, located to the south-east of the harbour, is served by the railway and measures a total of about 320,000 square meters, of which about 60,000 square meters of of state-owned area along the coast administered by the Port Network Authority of the Eastern Adriatic Sea.
The protocol signed yesterday will facilitate the resolution of some issues of strategic interest for the Port of Trieste, in particular those related to the Polluted Site of National Interest (SIN) at the Ministry of the Environment and the Friuli Venezia Giulia Region, the possibility to quickly activate on the site, or on a part of it, the Free Zone and the adaptation of existing public rail connections with the Aquilinia station.
The agreement was signed in the presence of the Vice-President of the Council of Ministers and Minister of the Interior Matteo Salvini, the Minister of Foreign Affairs and Trade of the Hungarian State Péter Szijisto, the President of the FVG Region Massimiliano Fedriga and the president of the Port Network Authority of the Eastern Adriatic Sea Zeno D'Agostino. With this investment, the Port Area of Trieste is confirmed as a strategic hub for Central and Eastern Europe. In the last three years, in fact, the harbour has become an essential reference point for important logistics chains to and from Hungary, reaching an amount of 14 pairs of trains per week between Trieste and Budapest.