UAE-based port operator Gulftainer has been awarded a concession to develop and operate a new container terminal at the Port of Tripoli, reported The Daily Star.
The 25-year concession will commence with an initial investment of over US$60 million in new equipment and machinery, the operator said.
The new equipment will include three ship-to-shore gantry cranes, nine yard cranes, container handlers and port yard management systems.
“Once complete, the new Gulftainer Terminal will be able to accommodate some of the largest container vessels operating in the Eastern Mediterranean, alleviating congestion at the Port of Beirut and providing an alternative to the beleaguered ports of Tartous and Latakia in Syria,” said the company.
The terminal offer will offer a trade gateway linking Tripoli to Gulftainer facilities in Umm Qasr Port, Iraq, the statement said.
“This represents the shortest distance across the Arabian Peninsula connecting the Mediterranean Sea to the Gulf, avoiding the common choke points of the Suez Canal and Straits of Hormuz.”
The two ports only require 31 km of new rail to be developed before the two ports can be linked by cargo trains, it added.
All news