APM Terminals has been awarded a 30-year concession to operate Container Terminal 4 at Tanger Med II.
The 5m teu terminal is scheduled to be completed in 2019 and will include 1,600 m of quay and 76 ha of container platform.
APMT will invest €758m (US$873m) in the project, with an extension option reserved which would entail an extra €140m (US$159m) of investment and 1m teu of capacity.
In a statement, the Tanger Med Port Authority (TMSA) said the terminal will be dedicated to Maersk Line and its alliance partners. Maersk Line’s current alliance partner is Mediterranean Shipping Company and both Maersk Line and APMT are both part of the Maersk Group.
As Najlaa Diouri, director general of TMSA, explained to CM in November 2015, the port has reached full capacity. “For the moment, [3m teu throughput] is the maximum we can reach,” he said, “in fact, this is actually beyond the limit of 2.8m teu, which is the port’s theoretical capacity.”
As APMT already operates a terminal at the port, called APMT Tangier, the new terminal will be named APM Terminals MedPort Tangier. It also operates a terminal in Algeciras, situated just across the Straits of Gibraltar in Spain. The other terminal in Tangier is operated by Eurogate.
In a statement, APMT said: “While African ports at present account for only 4.5% of global port throughput (including transshipment cargoes), the United Nations 2015 World Population Prospects Report projects that more than half of the world’s population growth between 2015 and 2050 will occur in Africa, with the African population more than doubling from 1.1 billion to 2.4 billion over the next three and a half decades.”