CMA CGM signs 10-year concession at Lattakia

LCT will be operated by a consortium comprising CMA CGM/Terminal Link (51%), and Souria Holding, a Syrian limited liability company (49%). The terminal is located on a 69 hectare site in Syria’s main port on the Mediterranean, 186 km southwest of Alep and 90 km north of Tartous. In 2008 it handled 570,000 teus.

The consortium will take over operations in July 2009 and plans to increase the terminal’s capacity to one million teu by 2012, with investments in infrastructure and equipment throughout the concession period.

This will be CMA CGM’s 29th investment in port terminals worldwide.