Gulftainer wins Tripoli terminal contract
UAE firm awarded 25-year concession to build and operate new Lebanese container terminal
Gulftainer, the Sharjah-based port operator, has been awarded the concession to build and operate a new container terminal in the Port of Tripoli, Lebanon.
The concession, agreed for a period of 25 years, will include an investment of more than US$60 million to enhance the port’s container handling capabilities, including the acquisition of three ship-to-shore (STS) gantry cranes, nine yard cranes and IT management systems.
“We are absolutely delighted to have been awarded the concession to manage the port of Tripoli and are now anxious to begin developing a strong partnership with the Port Authority,” said Gulftainer’s managing director, Peter Richards.
“Gulftainer will be investing substantial resources and efforts into establishing what is required to improve performance levels and bring new business to the region.”
Upon completion, the new Gulftainer terminal will be able to accommodate the largest ocean carriers operating in the Eastern Mediterranean helping to alleviate congestion at neighbouring Beirut Port, whilst also providing a viable alternative to the Syrian Ports of Tartous and Latakia that have been left unattainable following months of conflict in the North African country.
Gulftainer will also use the new terminal as a link to its facilities in the Iraqi Port of Umm Qasr via road and also rail, which, according to Gulftainer, will require only 31 kilometres of additional track to link the pair.