Strabag has signed a contract for the construction and modernization work on the Nabrzeże Bułgarskie part of Gdynia’s waterfront. The modernization will involve improving the port’s infrastructure and creating a new loading and logistics area with class-A warehouse space in the western part of the port.
Port of Gdynia plans to spend over zł.451 million on modernization in 2012-2014
Courtesy of Port Gdynia
According to the contract the company signed with Port of Gdynia Authority (ZMPG), which manages the seaport, it will be paid zł.77 million for the project.
ZMPG has earmarked over zł.451 million for several repair and modernization projects which will be carried out between 2012 and 2014. Infrastructure projects alone will cost over zł.324 million. They will include redeveloping the waterfront, building a network of access roads and a new loading and logistics area.
The modernization of Gdynia’s seaport is part of a larger trend, which involves the redevelopment of Poland’s entire coastal area, according to Jones Lange LaSalle’s recent report.
The new storage and logistic space currently under construction allows companies located close to the coast to lower their transportation and container leasing costs, but also to accelerate market entry and lower damage risks. Warehouses located near seaports can also be used to store products traded on the commodities futures markets, like metals, coffee or cocoa, thus creating new opportunities in the Polish market, JLL’s experts say.
The report states that the increase in the number of container terminals, especially deep-water terminals, will have a positive influence on the Polish industrial warehousing market, particularly in regions close to the coast. The inflow of products and the opening of new transportation opportunities will stimulate the logistics sector, including trans-shipment centers located in Poland.
As three out of Poland’s seven neighbors are landlocked countries, the country’s favorable geographical location ensures the expansion of its container port catchment areas to border regions of neighboring countries. Additionally, investments in railway, intermodal and road infrastructure (the A1 and S3 expressways), will improve connectivity with the south. Improved connections between the countries in the region can boost the competitiveness of Polish terminals in the CEE region.
According to the report, the growth in seaports will drive the demand for warehouses located not only in the northern part of the country, but throughout its entirety – following the streamlining of distribution lines.
The research shows that 48 percent of the respondents plan to increase the volume of goods stored in warehouses on the coast in the next few years. It is an impressive result given that this region makes up only 3 percent of the Polish warehouse market. The increased demand is mostly the product of the expansion of natural catchment areas for Polish ports and their increased throughput.
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