Cyprus & World News

First trestles at VTT Vassiliko jetty

16 January, 2014

The first of 42 trestles that will make up the 1.2km long jetty at Vassiliko was installed last week to enhance the under-construction oil storage terminal of VTTV.

“We are very proud to have successfully completed another phase in the construction of the oil storage terminal. The jetty is unique in the Mediterranean and will be used for loading and unloading ship-tankers with oil products as well as for oil products’ transhipment between ship-tankers, which currently takes place in the open sea with all the risk that this entails. This terminal will be making Cyprus an oil products’ trading hub,” said George Papanastasiou, Managing Director of VTT Vasiliko Ltd.
The terminal will serve more than 500 ships per year, which is approximately the number of ships currently being handled at the Port of Limassol. The construction works for the jetty as well as for the first phase of the terminal will be completed in July when the jetty and terminal will be put into operation.