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Global Ports clinches Port of Taranto contract

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The concession is expected to start in Q1, 2021.
The Port Network Authority of the Ionian Sea has awarded Global Ports Holding (GPH) a 20-year concession to manage services for cruise passengers in the Port of Taranto, Italy.

Terms of the agreement are now settled, with the concession expected to start in Q1 next year.

Investment

The cruise port infrastructure in Taranto is currently undergoing a state funded, €28m investment program, including the building of a new cruise terminal. The completion date is anticipated to be later this year.

In 2019, Taranto Cruise Port received 9,000 cruise passengers, with a pre-COVID-19 forecast of over 14,000 passengers in 2020.

GPH and Baleària Group secured a concession for Spain's Valencia Cruise Port earlier this month.

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