April 6, 2016
TMSA announced its award of concession for a container terminal in the Tangier Med 2 port complex to APM Terminals.
On April 4, Willkie client Tangier Mediterranean Special Agency (TMSA), the public entity in charge of the development and management of the Tangier Med seaport complex in Morocco, announced an award of concession for a container terminal in the Tangier Med 2 port complex to APM Terminals, a subsidiary of AP Moller Maersk group.
The 30-year concession agreement relating to the design, construction, financing, operation and maintenance of the terminal, which will be primarily dedicated to transshipment activities, represents an investment of €758 million. The concessionaire will be responsible for the completion of the terminal yard, surface, buildings, container handling equipment, and integrated automated systems.
This fourth container terminal, which will have a 1,600 linear-meter quay-length (with an extension option of 400 linear meters), is scheduled to open in January 2019 and will, once it has attained full ramp-up, have an annual throughput of 4.2 million twenty-feet equivalent units (TEUs).
Once completed, this fully automated terminal will be the largest terminal of its category on the African continent. The concession will increase the port’s total annual throughput capacity to over 9 million twenty-feet equivalent units and therefore consolidate the position of Morocco in the Strait of Gibraltar.
Willkie advised TMSA with a team led by partner Amir Jahanguiri and associates Roy Charles Bates and Idama Al Saad.
