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Poland to complete grain terminal investment in Gdańsk by 2026

02.12.2024 17:55
Poland will complete the investment in a grain terminal at the Port of Gdańsk by 2026, Prime Minister Donald Tusk announced on Monday, emphasizing that the terminal will be under the control of the Polish state.
Polish Prime Minister Donald Tusk.
Polish Prime Minister Donald Tusk.PAP/Adam Warżawa

"We tried to regain full control in Gdynia and Szczecin for legal and ownership reasons; it was not entirely possible. Therefore, we decided to return to the idea of another grain terminal in Gdańsk," Tusk said. "By 2026, we will be ready with this investment," he added.

Tusk noted that the decision comes in response to expectations following the uncontrolled influx of grain from Ukraine. "One of the expectations was for a grain terminal in Poland, but one that would be at the disposal of the Polish state," Tusk stated.

Over PLN 400 million investment in infrastructure

Minister of Infrastructure Dariusz Klimczak announced that the Port of Gdańsk will invest over PLN 400 million (USD 98 million) in developing road and rail infrastructure. Alongside the grain terminal, storage facilities will also be expanded.

Klimczak, together with Tusk, participated in a conference on Monday at the site of the Grain Terminal expansion in the Port of Gdańsk. The minister highlighted that the storage capacity will increase from 30,000 tonnes to over 150,000 tonnes.

"Polish ports are in really good financial condition. Comparing year to year, we are increasing their net profitability from 17% to 25%. Therefore, we must take a step further and invest in those areas that are essential for proper functioning and ensuring our security and development strength," Klimczak said.

He added that while Poland's transshipment capacities exceed its export possibilities, "the key is throughput."

Since Russia’s invasion of Ukraine, Poland has been dealing with an influx of grain from Ukraine, which has affected domestic markets. The new terminal is expected to enhance Poland's grain export capabilities and provide better control over grain imports and exports.

(jh)

Source: PAP