CMA CGM obtains Port of Lattakia concession

CMA CGM has signed, on Saturday, February 9, 2009, a concession agreement with Lattakia Port General Company (« LPGC ») to manage and operate a container terminal in the Syrian port of Lattakia (Lattakia Container Terminal) for a period of 10 years (extendable to 15 years). The terminal will be operated by a consortium composed of CMA CGM/Terminal Link (51%), and Souria Holding (49%), a Syrian Limited Liability Company.

Located in Western Syria, 186 km south-west of Alep and 90 km north of Tartous, Lattakia is Syria’s main port in the Mediterranean. Its Container Terminal is located on a 69 hectare area, has a 972 m quay and a total depth ranging between 11.8 m and 13.3 m. It handled a total of 570 000 Teus in 2008.

The consortium plans to increase the terminal’s capacity to 1 Million Teus by 2012 thanks to infrastructure and equipment investments throughout the concession period.

Source: Portnews

 

Source: www.cma-cgm.com