Lebanon has awarded France’s CMA CGM a contract for the management, operation and maintenance of the container terminal in the port of Beirut for 10 years, the public works and transport minister Ali Hamieh said on Thursday.
“The $33-million modernization project will leverage the use of technologies for environmental performance improvements and upgrade of infrastructure, among other enhancements listed in the contract,” Hamieh added.
“As a result of the agreement reached and based on new prices, we will be able to replenish the treasury with additional tens of millions of Dollars,” he said.
“This means that we can launch the capacities of sea harbors without intermediaries if desired and based on common interests,” Hamieh noted.
“Following the bidding process, CMA Terminals, a fully-owned subsidiary of the CMA CGM Group, a world leader in shipping and logistics, has been chosen to manage, operate and maintain the Port of Beirut’s container terminal for a 10-year period starting in March 2022,” the company said in a statement.
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