APM Terminals wins concession for US$812m Tanger Med 3

APM Terminals has signed a concession agreement with Morocco’s Tanger Med port authority to develop and operate a new container terminal at Tanger Med 3, as the country moves to expand the complex’s annual capacity to 20m TEU.

The concession agreement was announced on October 28 during a working session chaired by King Mohammed VI to review Morocco’s port, logistics and industrial development projects.

“We can confirm that APM Terminals has signed a concession agreement with Tanger Med Port Authority, securing the long-term future of APM Terminals MedPort Tangier. This concession has now been formalised by a decree by the Government of the Kingdom of Morocco. The agreement entails investments in expanding the capacity of container handling, including project development, financing and operation of the container terminal MedPort Tangier in the Tangier Med Port complex as well as the extension of the TC1 container terminal concession,” APM Terminals said in a statement to WorldCargo News.

The new terminal will be built west of Tanger Med 2 and will have 1,200 metres of quay and annual handling capacity of 4.5m TEU, according to Morocco’s Royal Office. The port development represents an investment of 8bn dirhams (US$812m), with construction due to begin shortly. According to local media reports, the terminal is expected to enter service in mid-2031.

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