Case Studies: Sines Container Terminal - Revision history

Nimda at 10:06, 2 April 2015

2015-04-02T10:06:03Z

Benefit at 13:51, 9 February 2015

2015-02-09T13:51:33Z

Nimda at 06:51, 28 May 2013

2013-05-28T06:51:41Z

Nimda at 20:33, 27 May 2013

2013-05-27T20:33:01Z

Nimda at 20:29, 27 May 2013

2013-05-27T20:29:57Z

@@ Line 251: / Line 251: @@
 [[Image:sines2.png]]
-Figure 2 Risk Allocation
+'''Figure 2 Risk Allocation'''
 Other legislative risks borne by APS included new planning policies for the Sines area, changes to national ports policy, and the willingness of the Government to provide road and rail access to the port. In the short-term these were reduced by a strong level of Government support for the project, even though it was not formally a party to the contract and expressed its support in side letters which may have been legally unenforceable.

@@ Line 272: / Line 272: @@
 ==References==
 *Tribunal de Contas Relatório n.º 26/2009 "Concessão do Terminal de Contentores de Alcântara  (Adenda  2008) – Porto de Lisboa"
 [[Category:Case Studies]]

@@ Line 11: / Line 11: @@
 |data4   = EUR 332.0 M  (The actual budget for investments until 2009 was EUR137 M (public sector contribution EUR 62.3 M and private sector EUR 74.7 M). The expected budget of investment after December 2009 is EUR 195 M (public sector contribution EUR 40 M and private sector EUR 155 M).)
 |title        = Project Overview
-|image        = [[Image:sines1.jpg|200px]]
+|image        = [[Image:sines1.jpg|300px]]
 |caption      = Photo from http://www.algarveresident.com/0-52035/algarve/arab-company-has-eye-on-major-port-project
 Figure 1: Sines container terminal
@@ Line 273: / Line 273: @@
 *Tribunal de Contas Relatório n.º 26/2009 "Concessão do Terminal de Contentores de Alcântara  (Adenda  2008) – Porto de Lisboa"

@@ Line 65: / Line 65: @@
 The project is facing a number of challenges. Although the public sector delivered its part of the initial (committed) investment package ahead of schedule, the private investor  -  PSA Europe Pte, a subsidiary of the operating arm of the port of  Singapore - has not invested as much or as quickly as expected (see Table 2 for actual vs scheduled investment programme). Phase 1B of the project was postponed three times, putting back its completion date from 2005 to 2011.
-Table 2:Completion Dates for Investment Programme
+'''Table 2:Completion Dates for Investment Programme'''
 {| class="wikitable"
-|+ align="bottom" |Source: Tribunal de Contas Relatório n.º 26/2010 "Auditorio à Concessão do Terminal XX1  – Porto de Sines, October 2010
+|+ align="bottom" style="font-size:10px" |Source: Tribunal de Contas Relatório n.º 26/2010 "Auditorio à Concessão do Terminal XX1  – Porto de Sines, October 2010
 !Phase 1A
 !Phase 1B
@@ Line 81: / Line 81: @@
 Traffic volumes have been much lower than expected (see Table 3 below), and the operator’s tariffs have also been lower because of strong competition from other ports. As a result, the concession fees paid to the port authority have been lower than expected. The traffic forecasts were supplied by the bidder (PSA) prior to the concession agreement and were not validated.
-Table 3: Forecast and Actual Traffic Volumes (‘000 TEU)
+'''Table 3: Forecast and Actual Traffic Volumes (‘000 TEU)'''
 {| class="wikitable" style="width:50%"
-|+ align="bottom" |Source: Tribunal de Contas Relatório n.º 26/2010 "Auditorio à Concessão do Terminal XX1  – Porto de Sines, October
+|+ align="bottom" style="font-size:10px" |Source: Tribunal de Contas Relatório n.º 26/2010 "Auditorio à Concessão do Terminal XX1  – Porto de Sines, October
+!
 !2003
@@ Line 190: / Line 190: @@
 The contract was a fairly typical BOT scheme for ports in which the port authority was responsible for selection of the private operator, provision of certain investments (mainly basic infrastructure such as dredging), supervision of public and private construction work, and monitoring of operations.  The private investor was given complete operational freedom, and also the freedom to set prices, paying the port authority royalties (US$ per TEU) which were directly linked to throughput.
-Table 4: Royalty Payments
+'''Table 4: Royalty Payments'''
 {| class="wikitable" style="width:60%"
-|+ align= "bottom" |Source: Tribunal de Contas Relatório n.º 26/2010 "Auditorio à Concessão do Terminal XX1  – Porto de Sines, October 2010
+|+ align= "bottom" style="font-size:10px" |Source: Tribunal de Contas Relatório n.º 26/2010 "Auditorio à Concessão do Terminal XX1  – Porto de Sines, October 2010
 !Throughput band (‘000 TEU)
 !Royalty (US$ per TEU)

@@ Line 229: / Line 229: @@
 |-
 |Completion of the agreed investment plan on schedule	||Fine of US$ 5,000 per day up to a maximum of US$ 2.0m, and loss of exclusivity rights within the port of Sines
 |Maintenance of the terminal’s assets to an acceptable standard	||Fine of US$ 5,000 per day, followed by eventual take-over of the terminal assets by APS
 |Provision of an acceptable quality of service	||Fine of US$ 5,000 per day
 |Provision of specified information on schedule	||Fine of US$ 3,000 per day late
 |}
 ===Risk Allocation===