The container terminal at the port of Gdansk (DCT Gdańsk) has received a loan of EUR 290 million for construction of a second deep-water berth, the Polish media writes. The money was provided by the EBRD, Bank Gospodarstwa Krajowego, mBank, Pekao SA, PKO BP, BNP Paribas, and PZU.

The project will double the transshipment capacity of the terminal to 3 million TEU per year, and this is already the world’s big league, said DCT Gdańsk’s head Maciek Kwiatkowski. Construction will be completed in late 2016.

For comparison, Rotterdam handled 11.62 million TEU, Hamburg 9.3 million TEU, and Antwerp 8.58 million TEU in 2013.

It is claimed that this will enable Poland to generate nearly EUR 900 million in additional budget revenues per year.