CMA CGM Group's fully-owned subsidiary CMA Terminals has chosen to manage and maintain the Port of Beirut's container terminal for a 10-year period beginning March 2022, reports the American Journal of Transportation
CMA CGM Group's fully-owned subsidiary CMA Terminals has chosen to manage and maintain the Port of Beirut's container terminal for a 10-year period beginning March 2022, reports the American Journal of Transportation. CMA CGM accounts for 55 per cent of the container terminal's volumes. A US$33 million investment will be made in the container terminal of Beirut port, including $19 million over the first two years.
Details include a complete infrastructure upgrade: refurbishment, replacement, and acquisition of new port equipment; the construction of a new technical facility for maintenance and spare parts storage.
Other details include the digital transformation of the terminal and environmental performance improvements through the purchase of greener and eco-friendly equipment.
'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,' said CMA CGM chief executive Rodolphe Saade.
'It will be at the service of the Lebanese people and will revitalise the economic exchanges between Lebanon and the rest of the world,' he said.
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