Infranode makes its first investment in the transport sector by investing SEK 400 million into the development of the Port of GävleInfranode invests SEK 400 million in the development of the new greenfield container terminal in the Port of Gävle and at the same time becomes a minority shareholder in the port operator Yilport. With this investment Infranode becomes a partner and co-owner of Yilport Holding's Swedish operations in Gävle and the Stockholm Nord intermodal terminal. The proceeds will be used for the expansion of a new container terminal in Gävle to meet the significant growth in demand for container transports.
“We are very pleased with this investment into an essential Nordic port infrastructure asset. Our investors, such as EIB and Swedish pension and insurance companies, are delighted to be part of the development and supporting such a strategically important transport hub. Infranode enters into a long-term partnership with both the port authority and Yilport Holding, which is an established operator of ports globally with extensive experience and a strong local organization” says Christian Doglia, CEO and Founding Partner at Infranode.
“The Port of Gävle is one of the most important hubs for Swedish exports and the growing import market linked to Yilport’s Stockholm Nord Intermodal Terminal. As such it feels fantastic that Infranode have shown their confidence in Yilport as a Global Container Terminal operator” says Robert Yuksel YILDIRIM, Chairman and Owner of Yilport Holding and YILDIRIM Group.
Port of Gävle is Sweden's third largest container port and the largest on the east coast. The port has experienced significant growth for an extended period of time and is approaching 300,000 TEU (One TEU is equal to a 20 foot container). In order to cater for the increasing demand for container transport, the container terminal is now in the process of doubling in size.
“Together with Yilport, we are now doubling the capacity of the largest container terminal on the Swedish east coast. The Port Authority, Gävle Hamn AB, is focusing on developing the port in Gävle. Infranode’s investment proves that the model we have chosen to facilitate infrastructure development is working well in supporting the region’s core port users’ growth. It is an endorsement of the successful investments made so far and a confirmation that the Port of Gävle is developing in the right direction,” says Fredrik Svanbom, CEO of Gävle Hamn AB.
Upon completion of the new container terminal in 2020, Port of Gävle will have the capacity to handle port calls from larger vessels with an annual volume of up to 600,000 TEU. Yilport and its
subsidiaries hold a concession agreement with municipality-owned port authority to operate and develop the port until 2046 with a 10- year extension option.
”For Folksam, as a mutual insurance and pension company and for KPA, as the pension fund for municipal and county employees, it is gratifying to be able to participate, through Infranode, in an infrastructure investment that is good for both the municipality and for the port of Gävle and also very important for the whole of Sweden” says Michael Kjeller, Head of Asset Management and Sustainability at Folksam.
“Many of Sweden’s infrastructure projects are relatively small, making it challenging for the European Investment Bank (EIB) to directly support them. It is thanks to Infranode acting as local intermediary that we can lend our financial support here and improve people’s lives. That’s why we are very pleased about Infranode’s investment decision to support the upgrade of the strategically important Port of Gävle. This will surely boost growth and create jobs in the region,” said European Investment Bank (EIB) Vice-President Alexander Stubb.
About InfranodeInfranode is a long-term infrastructure investor with focus on the Nordics across the energy, transport, telecom and social infrastructure sectors. Infranode’s team includes 10 infrastructure investment professionals with offices in Stockholm, Helsinki, and Oslo with approximately EUR 450m of capital under management. The investor base comprises pension and insurance institutions such as the Swedish State pension fund AP4, Folksam, Swedish municipal pension fund KPA Pension, LähiTapiola, the European Investment Bank, and the IMAS Foundation. Infranode is an affiliate to AREIM, an established Nordic real estate fund manager and adviser.
About Yilport HoldingYilport Sweden Terminal Investment AB is a subsidiary of Yilport Holding that is one of the fastest growing international container terminal operators in the world. Headquartered in Istanbul, Turkey, Yilport Holding is active in nine countries operating close to 30 sea and dry terminals. Yilport Holding is currently the 12th among the top global container terminal operators, ranked by Drewry. The parent company YILDIRIM Holding also owns 24% shares of CMA CGM Group, the third largest container shipping company in the world.
Port of Gävle in Transport Logistic fair in Munich 4-7 june
Port of Gävle and terminal operator Yilport will participate in the Transport Logsitic fair in Munich, 4-7 june. Stand 416, hall B2Read more
Infranode makes its first investment in the transport sector by investing SEK 400 million into the development of the Port of Gävle
Infranode invests SEK 400 million in the development of the new greenfield container terminal in the Port of Gävle and at the same time becomes a minority shareholder in the port operator YilportRead more
Efficient flow makes STM happen
Efficient Flow is a three-year project between Port of Gävle, the Swedish Maritime Administration, the Finnish Transport Agency, Port of Rauma and Satakunta University. It is financed by the EU and aims to streamline the call process and thereby increase the competitiveness of shipping.Read more
The official construction start of the new container terminal
The new container terminal in Gävle is being built to handle 600,000 TEU and the official construction start took place 12th of December. The grand opening will take place in the summer of 2020.Read more
Ship-related port fees will not increase 2019
Port of Gävle chooses to let ship-related fees remain unchanged 2019, with the ambition of being a competitive alternative to land transport.Read more
Port of Gävle makes major investment in paper handling automation
Gävle will probably be the first port in the world with an automated high-bay storage warehouse for paper rolls.Read more
Utilizing waste to create new port land
PTI (Port technology International) has published an article that presents the most recent port expansion and the major dredging and land creation project that has been undertaken in the Port of Gävle since 2007.
Securing a port's future through Circular Economy
The largest containerport on the swedish east coast is doubling its capacity
In order to achieve continued growth, the Port of Gävle and Yilport Gävle are now doubling the container capacity. The expansion, which increases the capacity to 600,000 TEU annually, is expected to be completed in 2019.Read more
Welcome to Port of Gävle
A busy transportation hub with constant activity...Read more