TC2, scheduled to open in 2018, to create new major West African shipping hub
APM Terminals, Bolloré Africa Logistics and French-based construction firm Bouygues have formally signed an agreement with the government of the Ivory Coast to build and operate a new terminal in the Port of Abidjan.
The terminal, to be known as TC2, will be the second in operation at the West African port, which handled approximately 600,000 TEU in 2012.
With a quay length of 1,100 metres and a depth of 18 metres, the new box facility will be capable of accommodating vessels measuring up to 350 metres.
“There is a crucial need for port infrastructure here in West Africa and across the emerging markets to handle larger vessels and this is why we are making this investment as a commitment to Africa’s future” said Peder Sondergaard, head of APM Terminal’s Africa-Middle East Region.
The Ivorian government will finance and construct the preliminary basic infrastructure, including dredging, canal expansion, land reclamation and the quay wall, at a cost estimated between US$500 and $800 million.
APM Terminals, who will lead the consortium, and its partners will design and equip the TC2 facility with an annual throughput capacity of 2.1 million TEU and a 37.5 hectare yard. At full build-out the terminal will boast 26 rubber-tyred gantry cranes (RTGs) and nine ship-to-shore (STS) cranes.
The consortium, as part of it agreed 21-year concession, will spend a total o9f $600 million, including as much as 4400 million during the first five years.
TC2 is scheduled to open for commercial business in 2018.