CMA CGM has signed a concession agreement with Lattakia Port General Company (LPGC) to manage and operate a container terminal in the Syrian port of Lattakia (Lattakia Container Terminal) for a period of 10 years (extendable to 15 years).
The terminal will be operated by a consortium composed of CMA CGM/Terminal Link (51%), and Souria Holding (49%), a Syrian Limited Liability Company.
Located in Western Syria, 186 km south-west of Alep and 90 km north of Tartous, Lattakia is Syria’s main port in the Mediterranean. Its Container Terminal is located on a 69 hectare area, has a 972 m quay and a total depth ranging between 11.8 m and 13.3 m. It handled a total of 570 000 TEUS in 2008.
The consortium plans to increase the terminal’s capacity to one million TEUS by 2012 thanks to infrastructure and equipment investments throughout the concession period.
“This new concession agreement will reinforce CMA CGM’s presence in Syria and further improve the quality of service offered to both the Port’s customers and the Group’s own vessels and customers. It will serve as a strategic base, which will improve the Group’s coverage of the region and connect Lattakia to the world’s biggest ports,” explains Farid Salem, CMA CGM Group Chief Executive Vice-President.
This will be CMA CGM’s 29th investment in port terminals worldwide.
Operations by CMA CGM/ Terminal Link/Souria will start in July 2009.
CMA CGM in Syria
A network of six agencies (Damas, Tartous, Lattakia, Aleppo, Homs)
Two ports of call : Tartous and Lattakia
Two regular feedering services linking Lattakia to Malta, Italy, Turkey, Lebanon, Cyprus and Egypt.
Access to all CMA CGM Group services through transshipment in Malta, Damietta and Beirut.