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July 6, 2016

CMA CGM launches concession term of Kingston Container Terminal

France-based container shipping company CMA CGM has launched the concession term of its strategic Caribbean hub, the Kingston Container Terminal.

France-based container shipping company CMA CGM has launched the concession term of its strategic Caribbean hub, the Kingston Container Terminal.

The works to be carried out in the port include dredging as well as infrastructural development, and are expected to begin with immediate effect. They will be undertaken by Vinci, Jan de Nul and EMCC.

CMA CGM said that the Kingston facility is set to offer 2,400m of wharf, a 80ha surface, and 15.5m draught upon finalisation.

"With the Kingston Terminal, CMA CGM strengthens its investments in hub solutions."

The facility will be equipped with 14 gantry cranes, which will later on be increased to 16, and finally 18.

Around 60 straddle-carriers are also part of the facility that will increase its annual capacity up to 3.6 million twnty-foot equivalent unit (TEU) containers.

CMA CGM executive officer Farid Salem said: "With the Kingston Terminal, CMA CGM strengthens its investments in hub solutions.

"Our terminals are ideally placed on global maritime routes at strategic locations. Facilities use modern and high-performance infrastructures which strengthens CMA CGM’s competitive advantage.

"The terminal will welcome all maritime companies at its ‘Common User Terminal’. Taking into account all APL ports, CMA CGM today operates 33 terminals with 3 in development."

In April last year, the Kingston container terminal concession deal was secured.

The terminal secured funding from Inter American Development Bank IIC, Agence Francaise de Développement Proparco, DEG and FMO, CIBC First Caribbean, CIFI, Cordiant.

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