Marsa Maroc and the company Nador West Med have signed the concession agreement for the West Terminal of Nador West Med (NWM).

The Board of Directors of Marsa Maroc has authorized the signing of the concession documents for the West Terminal of the Nador West Med port, for a duration of 25 years, according to a company statement.

The West Terminal will have 1,440 linear meters of quay, with a depth of 18 meters, and will be divided into two sections: a first section of 900 meters dedicated to container activities and a second of 540 meters for handling general cargo, according to the statement.

This new terminal will cover an area of 60 hectares and will be equipped, upon completion, with 8 STS quay cranes, 24 RTG cranes, and 4 state-of-the-art mobile cranes.

Marsa Maroc, along with its partners, will mobilize an estimated investment of 280 million euros for the first phase of this terminal, with service expected to begin in 2027.

Thanks to its operational experience and strong partnerships with world-renowned shipping companies, Marsa Maroc will deploy the necessary resources to ensure the commercial success of the West Terminal.

With this new infrastructure, Marsa Maroc expands its concession portfolio with three container transshipment terminals on the Mediterranean coast, thereby consolidating its position in this market.

With the West Terminal, Marsa Maroc's container traffic handling capacity will reach 9 million TEUs, of which nearly 7 million TEUs will be dedicated to container transshipment.

Marsa Maroc operates 25 terminals in 11 ports, with a total traffic exceeding 60 million tons.

As part of its new strategic vision, Marsa Maroc aims to strengthen its presence in the Mediterranean, consolidating itself as an integrated port, maritime, and logistics partner at the international level.

Listed on the Casablanca Stock Exchange, Marsa Maroc's reference shareholder is the Tanger Med Group, a developer of port, logistics, and industrial platforms.

Article source: finances news.