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The General Authority for the Suez Canal Economic Zone (SCZONE) has confirmed that the concession contract for Container Terminal No. 2 in East Port Said Port has been awarded to the Suez Canal Container Terminal (SCCT), which is majority-owned by APM Terminals.
The contract includes financing, design, development, management, operation, maintenance and re-delivery of the terminal on a Build-Operate-Transfer (BOT) basis.
Container Terminal 2 will cover an area of 511,000 m2 and will have a berth length of 955m. The current terminal, which has a berth length of 2,400m and a handling yard area of 1.2 million m2, has an annual throughput of 4 million TEU. It is expected that the Container Terminal 2 extension will increase capacity by 2 million TEU a year, to meet future customer demand.
The new terminal will operate on clean and renewable energy, based on electric equipment, in line with APM Terminals’ ambition to become fully carbon neutral by 2040. The project will also initially be equipped with 12 ship-to-shore cranes, 30 rubber-tyred gantry cranes and 90 trucks, as well as supporting equipment and 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 within the whole port ecosystem.
It is worth noting that SCZONE’s Board of Directors approved this project in September 2022, and the contract was signed on the sidelines of the COP27 in Sharm El-Sheikh, last November. The Minister’s cabinet approved the project in May 2023, and the Economic Committee of the Egyptian People’s Assembly approved the project in June this year. Egyptian President Abdel Fattah El- Sisi finally signed the law of the concession for Container Terminal 2 in East Port Said Port in August.
