LEADING INTERNATIONAL MARITIME MAGAZINE

Agreement signed for Zadar Gazenica Cruise Port, Croatia

Global Ports Holding Plc has announced that it has signed a 20-year concession agreement between its operating subsidiary Zadar International Port Operations d.o.o. and the Port Authority of Zadar for the operating rights of the Gazenica cruise port in Zadar, Croatia.

This agreement follows the announcement made by GPH on the 19th March 2018 that the Port Authority of Zadar had issued an award decision to grant a concession to GPH subject to entering a final concession agreement.

Under the terms of the Agreement, GPH will from Q4 2018, use its global expertise and operating model to manage all of the cruise port operations at Gazenica port over the life of the concession. The concession includes cruise ship passenger port and terminal services, an international ferry terminal, Ro-Ro services, vehicles and passenger services. It also contains a commercial area of 2,400sqm, with leasable retail and office space. The cruise ports infrastructure includes a maximum draft of 13m and 1170m of total pier length to accommodate big ships. In 2017, Zadar welcomed 137k cruise passengers, with schedule calls for 2018 suggesting that this will grow to close to 150k passengers for 2018.

Zadar is a historical town on the Adriatic coastline in Croatia, it is well positioned near a number key cruise ports in the region, including Venice and it offers cruise passengers an easily accessible old town with Roman ruins, medieval churches and 16th-century fortifications. While the surrounding areas offer a host of sites and activities for cruise passengers who wish to venture further afield.

Gazenica cruise port is the second new cruise port GPH has signed in 2018, increasing the number of ports we operate to 17 ports in 9 countries. The pipeline of new cruise ports remains strong and we will update investors on the pipeline as and when it is appropriate to do so.