Morocco's Tangier Mediterranean Special Agency (TMSA) and the Arab Fund for Economic and Social Development (AFESD) have signed a loan contract worth US$180 million to expand Tanger-Med port, Maghreb Arabe Presse reported.
Under the contract conditions, a second deepwater port, Tangier Med II, will be built to meet the growing demand for containers treatment at the international level in sea transport.
The works will include two container terminals with a total length of 2,800m and a nominal capacity of five million containers.
The port expansion project will be operational by second half of 2012.
Under the contract conditions, a second deepwater port, Tangier Med II, will be built to meet the growing demand for containers treatment at the international level in sea transport.
The works will include two container terminals with a total length of 2,800m and a nominal capacity of five million containers.
The port expansion project will be operational by second half of 2012.