EU Company Granted Concession for Croatian Port Terminal After Cancellation of Tender With Chinese Bidder

This picture taken on April 24, 2015 shows a general view during the official opening ceremony of the automated container terminal produced by APM Terminals in Rotterdam. APM Terminals, a Maersk company, was granted a concession for the development and economic use of a new container terminal in the port of Rijeka in Croatia. Bas Czerwinski /AFP via Getty Images

A 50-year concession for the development and economic use of a new deep-sea container terminal in the Adriatic port of Rijeka in Croatia has been granted to a European company.

The concession contract to build the necessary infrastructure and fully equip the Zagreb Deep Sea container terminal in the port of Rijeka—the biggest seaport in Croatia—as well as for the terminal’s economic use was signed on Friday, according to a statement from the City of Rijeka.