Print
PDF
Following a competitive bidding process, CMA Terminals, a fully-owned subsidiary of the CMA CGM group, has been chosen to manage, operate and maintain the Port of Beirut’s container terminal for a 10-year period, starting in March 2022.
CMA CGM Group, which already has a strong presence in Lebanon, currently accounts for almost 55% of the container terminal’s volumes, with its nine weekly calls and transshipment operations there.
A US $33 million investment will be made in the container terminal, including US $19 million over the first two years. The sum will be used to upgrade infrastructure and equipment; construct a new facility for parts storage; the digital transformation of the terminal; and environmental performance improvements.
CMA CGM, which was founded in Lebanon 43 years ago, says it is “deeply attached” to the Port of Beirut, which plays a vital economic role for the capital and the country. The new agreement follows its acquisition of the container terminal inside Tripoli port, Lebanon’s second biggest gateway, in 2021.
Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, commented: “Faithful to our commitments to Lebanon, we will be launching shortly an ambitious investment plan that will transform Beirut port’s container terminal into a state-of-the-art facility that meets the best international standards. It will be at the service of the Lebanese people and will revitalise the economic exchanges between Lebanon and the rest of the world.”
