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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