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APM Terminals announces new port investment in the Kingdom of Morocco
Tuesday, 05 April 2016 17:21

APM Terminals has been named as the operator of a new container transhipment terminal at the Tanger Med 2 port complex in Tangier, Morocco.

The new terminal is expected to have an annual capacity of five million TEU. Total investment in the new terminal is expected to be €758 million.

APM Terminals already operates a facility at Tanger Med 1 port, which started operations in July 2007 and handled 1.7 million TEU in 2015. The new APM Terminals MedPort Tangier terminal will increase the port’s total annual throughput capacity to over nine million TEU.

The new terminal is scheduled to open in 2019 under the terms of a 30-year concession agreement with the Tanger Med Special Agency (TMSA) – the organisation responsible for the development and management of the Tanger Med port complex.