Representatives of Langanesbyggð and Vopnafjarðarhreppur municipalities, German company Bremenports, and engineering firm Efla sign a contract today for the construction of a new harbour in Finnafjörður fjord, Northeast Iceland. RÚV reports that the harbour is intended to be an international container port connecting Asia, Europe, and the eastern United States.
The area covered by the port measures some 1,300 hectares (3,200 acres) and includes 6km of wharves. The project, which has been in development for several years, recently received ISK 18 million ($150,000/€133,000) in funding from the Ministry of Transport and Local Government.
The port’s realisation is a long-term venture, expected to take decades to design and build.