LUKA KOPER, d.d., Koper
Loan Agreement with the European Investment Bank
Based on Ljubljana Stock Exchange Rules, the provisions of applicable legislation Luka Koper d.d. herein publishes the following notice:
On 22nd December 2014, the European Investment Bank (EIB) and Luka Koper d.d. signed a fifteen-year loan agreement with a three-year moratorium in the amount of 36 million euros. These funds shall be used to round up the financial structure for the projected first pier extension and development of operation facilities on the Container Terminal at the Port of Koper. EIB approved the loan on a non-secured basis with the same commitments as the loan already concluded in 2011.
Thanks to the dredged seabed to -14 meters along the quayside of the Container Terminal and because of the latest integrations between global container carriers , the Port of Koper will be directly connected with the Far East by three (by two at the moment) direct container lines from January 2015. In the case of the two newly introduced services the Port of Koper will be the first port of call in the Adriatic Sea, which is particularly welcome for those shippers looking for the shortest transit time possible. With the arrival of the new direct services, vessels with up to 10.000 TEU capacity will call Koper on regular basis. In the future also larger vessels are expected, therefore the port's infrastructure and handling equipment needs to be adapted. The Slovenian State is currently providing the dredging to -15 meters in the access channel to the Basin 1. At the beginning of the next year, also Luka Koper will start the dredging works along the Container Terminal. The preparation of the documentation related to the extension of the Container terminal quay for 100 meters is under progress. For the future, the majority of the planned investments in port infrastructure and facilities will therefore be focused on container terminal, which remains in the core of the company's development strategy.
The company's Management Board believes that the EIB’s granting of the loan illustrates the institution's confidence in Luka Koper's long-term development.
The Management Board