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 activity app - a digital solution to share information
Port activity app is a digital solution to share information that will be implemented in Port of Gävle during 2020. Gävle Hamn AB is at full speed to implement a test version with a small group of key partners.Read more
New collaboration opens for hydrogen investment in Port of Gävle
Port of Gävle, Gävle Energi and Statkraft have signed an agreement to investigate the possibilities of creating a hydrogen plant in the port of Gävle.Read more
New Traffic- and Security Manager
Niklas Hermansson is the new manager for the Traffic and Security department.Read more
Experienced employee in new position
Since Port of Gävle has high ambitions in the area of sustainability, we have now chosen to add a new function that is responsible for sustainability and digital developmentRead more
Earlier detection of damaged containers with inspection system in Port of Gävle
With the help of a newly installed system damaged containers will be easier to detect than before.Read more
Port of Gävle requires Health declaration due to the coronavirus
Vessels calling Port of Gävle must from 2020-02-07 submit a Health declaration before arriving Port of Gävle. The completed Health declaration shall be sent by e-mail latest 24 hrs prior arrival to the Port Traffic Office email@example.comRead more
Three new giant cranes as Port of Gävle's Container Terminal expands
The new container quay being built includes three recently ordered Super Post Panamax cranes, which can serve significantly larger vessels than the terminal is capable of today.Read more
Port of Gävle’s major investment a game changer in Gävle
The extensive investments in the Port of Gävle are now being implemented with full force. For Yilport and Port of Gävle, this means a SEK 1.2 billion investment to equip the new container terminal with cranes and all other technology needed to service ever-larger vessels, as well as being able to handle the 1,200 TEU / week that the unique automated high stock for paper products will generate.Read more
Customers hurried to Port of Gävle´s new warehouse
The two new warehouses at Port of Gävle´s Terminal Granudden were longed for. Even before the doors were in place, they were filled with cardboard rolls from the main customer BillerudKorsnäsRead more
Unikie won the tender to develop the app that will lead to more efficient calls at Port of Gävle
The ICT solution will be implemented in Port of Gävle and aims to enhance the efficiency of port operators. The purpose of the Ship and Port ICT solution is to streamline and simplify the port actors’ operations and also to get a digital communication channel in between vessels.Read more