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SCCT terminal expansion agreement

AS part of a US$500 million investment deal, the Suez Canal Container Terminal (SCCT) will add a new 955m long berth and an additional 510,000 m2 container yard to its existing 2400 m berth and 1.2 million m2 yard. This follows a fresh concession agreement signed by Waleid Gamal El-Dein, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), and Steven Yoogalingam, CEO and Managing Director of SCCT, covering the financing, design, construction, management and operation of a second terminal at Port Said East Port, to be located between SCZONE and the existing SCCT area.

The project aims to expand the SCCT facility – a joint venture container terminal with APM Terminals as majority shareholder – adding 2 million TEU of annualised container throughput capacity. This will increase capacity at the terminal by around 40%, allowing it to meet customer requirements in the future. Additionally, it is expected to provide around 1000 direct and indirect job opportunities, especially for the residents of Port Said and North Sinai cities.

The new, technologically advanced terminal, due to be operational in 2025, will operate on clean and renewable energy, based on electric equipment, in line with APM Terminals’ ambition to become fully carbon neutral by 2040. The project will also employ latest generation port equipment, including 12 ship-to-shore (STS) cranes, 30 rubber-tyred gantry cranes (RTGs) and 90 trucks, as well as supporting equipment and advanced IT systems.

The post SCCT terminal expansion agreement appeared first on Latest Maritime & Shipping News Online – The Maritime Standard.

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