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  • Portugal may have become a stalking ground for Chinese and US economic influence, but an appeal for offers to develop a major container terminal container in the country received no bids, organisers said Wednesday. The operator of Sines port said a new round of bids would be solicited once market conditions improve, citing the economic repercussions of the Covid-19 pandemic. Portugal, which received at Sines the first shipments of liquefied natural gas from the United States bound for Europe, has also been one of the countries most open to Chinese investments. The port was seen as of likely interest to China under its Beijing's Belt and Road Initiative to develop infrastructure, of which Portugal is a partner. Washington's concern rose to such a point that the US ambassador to Lisbon said publicly that the government of the NATO and EU country needs to make a choice which camp it wants to be in. Sines is of strategic interest to Washington as it is the closest deep water port in Europe from US shores. The appeal for offers, launched in October 2019 and extended due to the pandemic, sought investors ready to sink 642 million euros ($763 million) into building a new container terminal in exchange for a 50-year concession to operate the facility. Other work on enlarging the port of Sines are underway, with its operator, the Singaporean firm PSA International, investing 661 million euros and the Portugese state 300 million. tsc/rl/pvh
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  • No bids to build container terminal Portugal's Sines port
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