Egypt: Maersk to Invest USD 83 Million in SCCT
According to Bloomberg, Egypt’s Ministry of Transport stated that A.P. Moeller-Maersk A/S may contribute to the building of a navigation side channel in the Suez Canal Container Terminal at Port Said.
The Ministry of Transport also announced that the planned project will cost about $83 million.
Suez Canal Container Terminal (SCCT) is a container terminal emerged at Port Said East as a transshipment centre for the Eastern Mediterranean at the Northern entrance to the Suez Canal. Expansion on the facility increased the total number of operational quay cranes to 12. Additionally, terminal expansion plans are expected to double terminal size. This expansion is expected to make the facility the largest container terminal in the Mediterranean Sea.
Dredging Today Staff, March 26, 2012; Image: scct