Tanger Alliance, a subsidiary of Marsa Maroc, Contship Italia, Eurogate International, and Hapag-Llyod has announced commercial commissioning of Container Terminal 3 of the Port of Tanger Med 2 (TC3) in Morocco. The terminal took 18 months of construction for an investment of nearly EUR 175 million (US$ 212.88 million).

The Terminal is established on an area of 36,000m2 and has a quay length of 800m with a water depth of 18m. In terms of equipment, the Terminal has 8 ship-to-shore cranes (STS), enabling it to handle the world’s largest container ships, with a container storage
yard equipped with 22 rubber-tyred gantry cranes (RTG). Upon full commissioning, the Terminal will have a capacity to handle 1.5 million TEUs.

Tanger Alliance has also secured a EUR 133 million (US$ 160.55 million) Project Finance loan with a consortium of Moroccan banks composed of Banque Centrale Populaire Group as a mandated arranger, Attijariwafa bank Group as a co-arranger, as well as Bank Of Africa Group and CIH Bank. This 16-years loan will help finance the construction costs for the terminal.