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The Ports of Sines and Algarve Administration and the Port Authority of Singapore (PSA) company signed an amendment to the concession agreement for Terminal XXI (existing container terminal) in the port of Sines in Portugal.
This addition allows for new investments in quay expansion and the resizing and modernization of this infrastructure. With this agreement, PSA will invest EUR 660.9 million (US$ 736.28 million) in Terminal XXI over the next 20 years of the concession.
The two processes together unlock an investment of over EUR 1.3 billion (US$ 1.45 billion) at the Port of Sines, constituting the largest private investment ever in the sector.
