Italy allocates 206 million euros for new terminal at the port of Trieste

The Italian Interministerial Committee for Economic Planning and Sustainable Development (CIPESS) approved the funding for the first construction phase of the so-called Pier VIII container terminal at the port of Trieste. The financing from CIPESS amounts to 206.8 million euros. The facility will likely be managed by HHLA and rail freight should have a prominent role.

The total cost for the construction of the new terminal in Trieste revolves around 315 million euros. The remaining 109 will be covered by private investments, Italian media AdriaPorts specified. The first ships should be seen docking at the new Pier VIII by 2027. “Thanks to its integration with the railway, Pier VIII will increase cargo handling capacity and promote the development of the Port of Trieste”, said the Italian deputy minister of transport Edoardo Rixi.

International interest in Trieste

HHLA, based in Hamburg has been increasing its presence at the port of Trieste over the past few years. In 2020, for example, the German company acquired stakes in the Piattaforma Logistica Trieste, one of the many terminals in the port. The port of Trieste is attracting international interest not only from HHLA. MSC, for example, recently took over a facility at the port and reconverted it into a rolling stock production site. Moreover, the Hungarian government is working on building a terminal there to get an opening on the sea.