New container terminal is expected to require $863m of investment
US-based Hill International has received a contract from APM Terminals MedPort Tangier to provide project management and supervision engineering services during the construction of a new container facility at the Tanger-Med Port Container Terminal in Morocco.
Hill says the two-year contract has an estimated value to Hill of between about 5.4m ($6m) to 6.7m.
The Tanger-Med Port complex is one of the largest ports in Africa. It is constructed on the Straits of Gibraltar, a central artery of global shipping with over 200 vessels a day passing through carrying trade between Asia, Europe, Africa and the Americas.
APM Terminals was named as the operator of a new container transhipment terminal at the Tanger-Med 2 port complex, under a 30-year concession agreement signed with the Tanger Med Special Agency (TMSA) in April this year.
The terminal, which is understood to require $863m of investment, is scheduled to open in 2019 and have a capacity of 5 million twenty-foot equivalent units (TEUs).
The new terminal will bring the total port capacity to more than 9 million TEUs.
APM Terminals has been operating a facility at the Tanger-Med 1 since July 2007, which handled 1.7 million TEUs in 2015.
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