The General Authority for the Suez Canal Economic Zone (SCZONE) has signed a concession contract for the upgrade of Container Terminal No. 2, in East Port Said Port, to the Suez Canal Container Terminal (SCCT), reports APM Terminals.
Concession contract for the upgrade of Container Terminal No. 2
APM Terminals is the majority shareholder and operator of SCCT. The contract includes financing, design, development, management, operation, maintenance, and re-delivery of the Container Terminal No. 2 following the Build-Operate-Transfer principal.
“We appreciate the strong collaboration between the Egyptian government represented by SCZONE, SCA, the governor, and all governmental authorities, and SCCT to develop a world-class terminal in Port Said and encourage more investment in Egypt through Maersk group,” commented Mr. Steven Yoogalingam, Chairman of the Board of Directors of the Suez Canal Container Terminal.
The new terminal will provide the port with infrastructure for strategic projects. The current terminal is operating with a berth length of 2,400m and a handling yard of 1.2 million sq. m and is the main operator in Port Said East Port, with annual throughput of 4 million TEUs. The expansion will increase volumes by 2 million TEUs to meet future customer demand.
“This year we celebrated the achievements of East Port Said Port – which handles nearly 80% of the total container transit trade in Egypt – by ranking 10th globally for container handling efficiency in 2022, according to a World Bank report,” stated Mr. Waleid Gamal El-Dien, Chairman of SCZONE.
The project will cover an area of 511,000m2 with a berth length of 955 meters.
The new, technologically-advanced terminal will operate on clean and renewable energy, based on electric equipment. The project will also employ the latest generation port equipment, including 12 ship-to-shore (STS) cranes, 30 rubber-tyred gantry cranes (RTGs) and 90 trucks, as well as supporting equipment and advanced IT systems.
Once operational in 2025, the terminal will create over 1000 new direct jobs in Port Said, in addition to indirect jobs and business opportunities created within the whole port ecosystem.
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Source: APM Terminal