Global Ports Holding receives concession for Taranto

Global Ports Holding receives concession for Taranto

Global Ports Holding

The port of Taranto is currently undergoing a state-funded investment programme

The Port Network Authority of the Ionian Sea has awarded cruise port operator Global Ports Holding (GPH) with a 20-year concession to manage the services for cruise passengers in the Port of Taranto, Italy.

The port is currently undergoing a €28 million ($33.2 million) state-funded investment programme that includes the building of a new cruise terminal. The construction of these facilities is expected to be completed by the end of 2020.

GPH and the port authority will now work towards approving the terms of a concession agreement. The concession is then expected to start in the first quarter of 2021.

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Alex Smith
By Alex Smith
23 November 2020

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