Shipping hub takes shape: Morocco is realising its largest ever port construction project and providing new competition for Algeciras in Spain.(MOROCCO)(Tangier Mediterranean Special Agency )

MEED Middle East Economic Digest | October 12, 2007| | Copyright

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If there is one thing Moroccan authorities should be given credit for, it is their ability to meet deadlines. The first phase of the Eur 1,400 million ($2,000 million) Tangier-Mediterranean (TangMed) deepwater port opened on time in July and is due to operate at full capacity by the end of October.

The first container terminal has been let under a 30-year concession to AP-MollerMaersk. The project is being managed by TangMed Special Agency (TMSA), a public limited company created to manage the scheme in 2002. Funding has been split ...

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