Cosco Shipping Ports to win Tarragona terminal concession in first European expansion for years
- Tarragona terminal concession will be awarded to a company comprising a subsidiary of China’s Cosco Shipping Ports
- Estimated at $168m, project is the first Chinese investment in a European port for over three years since CSP’s German venture deemed controversial by some officials
- Chinese-led joint venture will begin operations late this year and achieve its maximum capacity, estimated at 680,000 teu, by the end of 2028
If formally signed off, the Tarragona terminal concession will exemplify China’s plan to further invest in European ports despite growing political scrutiny
