Chinese shipping group COSCO and Argentine logistics company PTP Group will invest more than €116m in the upgrade and operation of the Moll d’Andalusia multipurpose terminal at the Port of Tarragona. The joint venture formed by the two companies has secured a 50-year concession from the Tarragona Port Authority.
“The joint venture will begin operations at the end of 2026,” the port authority said. Construction work is then expected to continue over the next two years, increasing the capacity of the Moll d’Andalusia terminal to 680,000 TEU by 2028.
Under the terms of the concession, the operator must handle at least 360,000 TEU annually by 2031, including at least 200,000 TEU from regular liner container services, such as full import and export container flows.
Rail terminal integrated
In addition to the Moll d’Andalusia multipurpose terminal, the concession also includes the Boella rail terminal.
“The COSCO–PTP alliance will transform Port Tarragona into a leading intermodal hub in the Mediterranean, both for deep-sea traffic from the Far East and Latin America and for feeder traffic originating from and destined for other countries in the Mediterranean basin,” the port authority said.
The combined Moll d’Andalusia and Boella facilities will be integrated into Tarragona’s wider logistics network. This includes a connection to the Guadalajara-Marchamalo terminal, which is also part of the Port of Tarragona’s logistics platform. “This network of intermodal terminals is the foundation of the proposed operating model, which gives a significant role to the Ebro-Henares corridor and maritime-rail integration,” the port authority added.
Joint venture structure
The joint venture comprises Rapport Investments Ltd, a company resulting from the merger of COSCO Shipping Ports Ltd and COSCO Bulk, and PTP Ibérica, the Spanish subsidiary of PTP Group. The partners aim to position Tarragona as the company’s “leading intermodal gateway in the Mediterranean”.
