02 October 2022
Global Ports secures growth opportunities in the Far East of Russia
Global Ports Investments PLC ("Global Ports" or the "Company" and, together with its subsidiaries and joint ventures, the "Group") (LSE ticker: GLPR) announces that today legally binding agreements were signed to acquire “Spika” LLC which has ownership of and long term leasing rights to land plots adjacent to VSC container terminal, with a total area of 47 ha and access to the harbor of the deep-water Port of Vostochny.
As developed, the land plots will allow for construction of two additional container berths, container storage and advanced modern railway front thus substantially increasing VSC berth, yard and railway capacity and securing Groups’ long-term growth opportunities on the booming Far Eastern container market.