The Port of Tallinn and PK Terminal, part of the Palgard Crane Group, have cut a deal concerning the setup of a new dry bulk and general cargo facility in the Muuga Harbour.
According to the cooperation and building title agreements the parties have signed (for a period of two decades, with an option to prolong the deal by another 15 years), PK Terminal will move into the two quays and the adjacent hinterland area previously used by the steel sheet galvanizing plant as well as the Koorma 2 real estate.
The new terminal, spanning over 4.4 ha, will offer 0.5mt/year of cargo handling capacity, mainly for taking care of round wood, pellets, metal products, and crushed stone.
PK Terminal will invest over €5m in developing the facility which is scheduled to come online within the next three years.
Photo: Port of Tallinn