ISMAILIA, Egypt: November 25, 2015. The Suez Canal Container Terminal (SCCT) at Port Said East is to get a 9.5 km access channel at a cost of US$36 million.
Part of the Suez Canal Development Project the new channel, due for completion in seven months, will enable uninterrupted vessel traffic to the SCCT (right). Currently, due to convoy traffic on the canal, vessels calling at Port Said East are restricted to an eight-hour daily transit window.
SCCT, a joint venture between APM Terminals, with a 55 percent share, COSCO Pacific (20 percent) and the Suez Canal Authority (10.3 percent), will be providing US$15 million to the project.
"We are proud to be a part of this newest infrastructure project which reinforces Egypt's major role as a facilitator in global trade and logistics, and we salute the Egyptian government's foresight and ongoing dedication to economic growth and development," said SCCT managing director, Klaus Holm Laursen.
SCCT has an annual throughput capacity of three million TEUs. This will increase to 5.4 million with the delivery of four new super-Post-Panamax cranes able to work 18,000 TEU- capacity vessels.
The Suez Canal Development Project opened a significantly enlarged canal on August 06 that allows two-way traffic along its entire length. Last year over 17,000 vessels transited the canal including 6,100 box ships carrying over 42 million TEUs.