The Mediterranean Shipping Company (MSC) has signed a 35-year concession agreement to expand a container terminal at the Port of San Pedro in Côte d’Ivoire.
The project, which will involve a total initial investment of nearly CFA 300bn (US$511.4m), will allow San Pedro Container Terminal (TCSP) to handle 14,000 teu ships.
After an initial phase in which San Pedro Port will expand existing infrastructure, MSC is expected to invest approximately CFA 130bn (US$222.6m) in superstructure and new equipment including latest IT technologies.
MSC’s president and CEO Diego Aponte said: “The signing of this agreement will further strengthen the strong links between MSC and the government of Côte d’Ivoire. It also confirms our long-term engagement to contribute to national efforts in supporting the country’s growing position on the international scene.
“Our structural investment and operations will allow San Pedro to become a state-of-the-art terminal, increase trade relationship with new and traditional business partners as well as enhance its competitiveness at both the national and global levels.”