APM Terminals has been awarded a concession to manage the Skandia Container Terminal in Gothenburg, Sweden for the next 25 years.
APM will invest more than $115 million in the first five years of operation to make the port more competitive as a freight hub for the Nordic markets. Most of the investment will target infrastructure improvements.
The deal is subject to approval from the Swedish Competition Authorities. The planned transfer of management and operations is set for the first quarter 2012.
APM manages Gothenburg terminal
