The General Authority for the Suez Canal Economic Zone (SCZONE) has announced the awarding of the concession contract for Container Terminal No. 2 in East Port Said Port to the Suez Canal Container Terminal (SCCT).
APM Terminals is believed to be the principal stakeholder and operator of SCCT.
The contract involves funding, design, development, management, operation, maintenance, and re-delivery of the Container Terminal No. 2 in accordance with the Build-Operate-Transfer principle.
Waleid Gamal El-Dien, Chairman of SCZONE, said: “This year we celebrated the achievements of East Port Said Port – which handles nearly 80 per cent of the total container transit trade in Egypt – by ranking 10th globally for container handling efficiency in 2022, according to a World Bank report.
“We also celebrated the President’s ratification of the Container Terminal No. 2 concession agreement for the SCCT, which is one of the most important success partners for SCZONE. The project will cover an area of 511,000 square metres with a berth length of 955 metres.”
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The current terminal is operating with a berth length of 2,400 metres and a handling yard of 1.2 million square metres and is the main operator in Port Said East Port, with annual throughput of 4 million TEU.
The expansion is expected to increase volumes by 2 million TEU to meet the future demands of SCCT customers.
The new technologically advanced terminal will run on pure, renewable energy and will be powered by electric equipment. This is reportedly consistent with APM Terminals’ goal of becoming carbon neutral by 2040.
The project will also make use of cutting-edge port equipment, such as 12 Ship-to-Shore (STS) cranes, 30 rubber-tyred gantry cranes (RTGs), and 90 vehicles, as well as supporting equipment and innovative information technology systems.
When it opens in 2025, the terminal will generate approximately 1000 new direct employment in Port Said, in addition to business possibilities established across the port ecosystem.
In November of last year, SCZONE and SCCT signed the $500 million concession contract to establish a second container terminal in East Port Said.
