Moroccan officials are expected to inaugurate the Tanger Med 2 port near Tangier shortly. Tanger Med 2 is a $1.3 billion extension to Africa's already biggest port in terms of container capacity.
Tanger Med 2 is the third phase of the development of the port complex Tanger Med, which benefits from a strategic position in the Strait of Gibraltar. Located 50km west of Tangier in northern Morocco, the port includes the commercial Tanger Med 1 port, which has been operational since 2007, as well as a large passenger port.
The Tanger Med 2 extension, which began in May 2010, is a $1.3 billion project. It adds an extra 6 million TEU container capacity to Tanger Med, which is already the biggest port in Africa.
TC4 is licensed to APM Terminals, an international container terminal operating company headquartered in the Netherlands. TC4 has a capacity of 5 million TEUs. Tanger Port Med already operates more than 50% of Morocco’s exports. The port handled an aggregate value of $33 billion of products in imports and exports in 2018.
Source: moroccoworldnews.com
