The General Authority for the Suez Canal Economic Zone (SCZONE) has confirmed the concession contract for Container Terminal No. 2 in East Port Said Port to the Suez Canal Container Terminal (SCCT), in which APM Terminals is the majority shareholder. Egyptian President Abdel Fattah El- Sisi signed the concession law last month.
The contract includes financing, design, development, management, operation, maintenance, and re-delivery of the Container Terminal No. 2 following the Build-Operate-Transfer principal. The new terminal will provide the port with infrastructure for strategic projects.
“This year we celebrated the achievements of East Port Said Port – which handles nearly 80% of the total container transit trade in Egypt – by ranking 10th globally for container handling efficiency in 2022, according to a World Bank report,” stated Mr. Waleid Gamal El-Dien, Chairman of SCZONE.
“We also celebrated Mr. President’s ratification of the Container Terminal No. 2 concession agreement for the Suez Canal Container Terminal Company (SCCT), which is one of the most important success partners for SCZONE. The project will cover an area of 511,000 m2 with a berth length of 955 meters.”
The current terminal is operating with a berth length of 2,400m and a handling yard of 1.2 million sq. m and is the main operator in Port Said East Port, with annual throughput of 4 million TEUs. The expansion will increase volumes by 2 million TEUs to meet future customer demand.
The new, technologically advanced terminal will operate on clean and renewable energy, based on electric equipment. This is fully in line with APM Terminals’ ambition to become fully carbon neutral by 2040.
The project will also employ the latest generation port equipment, including 12 ship-to-shore (STS) cranes, 30 rubber-tyred gantry cranes (RTGs) and 90 trucks, as well as supporting equipment and advanced IT systems. Once operational in 2025, the terminal will create over 1000 new direct jobs in Port Said, in addition to indirect jobs and business opportunities created within the whole port ecosystem.