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P&O Ports to build passenger terminal at Serbia's Novi Sad port - PM Brnabic

Author Radomir Ralev
P&O Ports to build passenger terminal at Serbia's Novi Sad port - PM Brnabic Novi Sad port administration; Author: Radomir Ralev

BELGRADE (Serbia), August 8 (SeeNews) – Dubai-based P&O Ports plans to build a passenger terminal at the Danube river port of Novi Sad, in northern Serbia, prime minister Ana Brnabic said.

"An investment will be made in the construction of a terminal for international passenger transport," Brnabic said in a video file posted on the website of regional public broadcaster RTV on Wednesday. 

In May, P&O Ports signed a 7.99 million euro ($8.97 million) deal to acquire Luka Novi Sad, the state-owned company operating Serbia's second largest port on the Danube river. Under the deal, P&O Ports will invest some 30 million euro in the port of Novi Sad in order to improve the quality of its operations and link it with peers across Europe.

The first investment project to be carried out by P&O Ports will be the construction of a passenger terminal, Brnabic said on Wednesday.

In January, P&O Ports placed the sole bid in the tender for Luka Novi Sad. The minimum price for the acquisition of 8,151,174 shares of Luka Novi Sad, representing 99.37763% of the company's share capital, was set at 7.99 million euro.

Luka Novi Sad is located in Serbia's northern autonomous province of Vojvodina. The port operates 10 indoor warehouses with a total area of 45,968 square metres.

($ = 0.890944 euro)