Thursday, November 30, 2023

RyC advises Bankinter on €18.7m financing for Santander´s Port NSCT’s project

Ramón y Cajal Abogados has advised Bankinter on the €18.7 million financing, for the operation of the administrative concession of a container port terminal in Port of Santander, promoted by NSCT Investment, a subsidiary of Boluda Shipping


This project is being promoted by NSCT Investment, SLU, a subsidiary of Boluda Shipping, S.L, and the financing, for 18.7 million, will serve for the construction and acquisition of machinery for the operation of the administrative concession of a container port terminal in the north of the Port of Santander, promoted by NSCT Investments, a subsidiary of Boluda Shipping.

The president of Cantabria, Miguel Ángel Revilla, thanked the president of Boluda Corporación Marítima, Vicente Boluda, for his confidence in Cantabria and stated that the construction of the container terminal in the port of Santander by the company “goes beyond investment” as it places “the port of Santander in the world”. Revilla also referred to the La Pasiega Industrial Estate and assured that it will be “the perfect complement to the development of the port.”

The president of Boluda Corporación Marítima, Vicente Boluda, showed “his pride” for “being able to contribute to the competitiveness and the improvement of the connections of Cantabria through the arrival and departure of container ships” and assured that this “business commitment” of more than €20 million will mean “a reduction of costs for the companies and shorten the times of the logistic chain.”

For his part, the president of the Port Authority, Francisco Martín, assured that this is “long awaited” news that will mean “important support” for the companies in Cantabria, as “they will have a direct way to import and export by container, also increasing the number of destinations.”

Boluda Shipping started, with the placement of the first stone on February, the works of the container terminal, a logistics platform that will be called Boluda Maritime Terminals Santander and that is expected to be operational in January 2023.

The transaction was closed on 2 March 2022, amounting to €18,700,000. The new terminal will occupy a surface area of approximately 67,631 m2, and its berthing line will have 569 linear metres of quay and a depth of 13 metres.

Ramón y Cajal´s team was led by partner Amado Giménez Bono, with the participation of lawyers Diego Gabarain, Pablo Fuentes and María Heredero.

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