New Container Terminal concession in TangerMed: APM Terminals invests 8.5 bMAD in a new terminal in TangerMed II

M. Fouad BRINI, President of TangerMed et M. Kim FEJFER, CEO of APM Terminals have jointly ratified on March 30th an agreement for the granting of a new container terminal to the APM Terminals in Tanger Med II.

The concessionnaire will undertake, on the quays delivered by TMSA, an investment of EUR 758 Million pertaining to container platform, the superstructures and terminal equipment.

The terminal is scheduled to commence operations in 2019 with a trafic of 4.2 Million containers Twenty Equivalent Unit (MTEU).
The perimeter of new Container Terminal 4 (TC4) concession includes 1600 ml of quays and 76 Ha of container platform and will be of initial duration of 30 years.

An extension option is reserved, including 400 ml of quays and 18 Ha of container platform is reserved. The subsequent investment represents 140 MEUR and additional traffic of 1 MTEU

At completion, the new concession could extend to 2000m of quays and 94 Ha of container platforms, representing a total investment of 900 MEUR and subsequent traffic of 5.2 TEU. Terminal TC4 shall be dedicated to Maersk Line and its alliance partners.

APM Terminals, a leading global container platform operator, is part of the AP Moller-Maersk Group, a premium conglomerate including the world’s leading maritime company.