Suez Canal Container Terminal (SCCT) has signed a concession agreement with the Egyptian government for Phase 2 of the East Port Said port development, reports said.
Maersk unit APM Terminals BV. holds a 60% controlling stake in SCCT.
Phase 2 development is scheduled to double SCCT container handling capacity by 2011 to about 5.1 million twenty-foot equivalent units (TEUs) from the current figure of 2.55 million TEUs per year.
SCCT is located at the new East Port Said port at the northern entrance to the Suez Canal and was granted a 30-year concession by the Egyptian government in 1999.
SCCT had commenced terminal operations in 2004 as the pioneer project in East Port Said port.
Maersk unit APM Terminals BV. holds a 60% controlling stake in SCCT.
Phase 2 development is scheduled to double SCCT container handling capacity by 2011 to about 5.1 million twenty-foot equivalent units (TEUs) from the current figure of 2.55 million TEUs per year.
SCCT is located at the new East Port Said port at the northern entrance to the Suez Canal and was granted a 30-year concession by the Egyptian government in 1999.
SCCT had commenced terminal operations in 2004 as the pioneer project in East Port Said port.