Hong Kong conglomerate Hutchison Whampoa will build a 225-million-zloty ($70 million) container terminal in Poland's Baltic Sea port of Gdynia, the company's local unit said on Tuesday. Hutchison said that after four months the facility will have capacity of 150,000 twenty-foot-equivalent units (TEUs), expanding over four years to handle 440,000 TEUs. The company estimates current Polish traffic at 800,000 TEUs, with half moving on land and half by sea, and says it expects the EU newcomer's market to grow by 15 to 20 percent per year.
"We want to move the first containers already this year," Gdynia Container Terminal director Jerzy Czartowski told journalists at a ceremony where the company received its permit to start construction.
"We hope to service containers that today avoid Polish ports or are sent by land," he added.
Hutchison operates 219 terminals in 39 ports around the globe, and its telecoms arm recently said it had bid for frequencies to launch mobile phone services in Poland.
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