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CMA CGM Interested In The Reconstruction Of Beirut Port

CMA CGM interested in the reconstruction of Beirut port

Source: BCTC
Beirut, Lebanon (PortSEurope) April 9, 2021 – Joe Dakkak, general manager, CMA CGM Lebanon, and Christine Cabau Woehrel, director in charge of industrial assets and operations, CMA CGM, have visited the port of Beirut and declared an intention to join the rebuilding project. The detonation on August 4, 2020, of some 2,700 tonnes of unsafely stored ammonium nitrate killed almost 200 people, injured 6,000, left
over 300,000 without proper housing and with damages estimated at $15 billion. The French CMA CGM group has historical links with the Lebanon and has continued investment and activities in the country despite years of unrest, severe economic crises and corruption. It operates a dry port in the Bekaa valley, the Tripoli container terminal, as well activities at Beirut port. Its business in Beirut accounts for 60% of the port’s traffic. Germany was scheduled to hold an event today to promote a German plan to reconstruct the port. CMA CGM would like to be part of an reconstruction effort. Read: PortSEurope Analysis – Germany enters the fray for the reconstruction of the Port of Beirut. What about France, China, Turkey, United States, Russia, UAE, Kuwait? – April 7, 2021 “After the disaster, the group mobilized to maintain, and even strengthen as far as possible its activity and its stopovers in the capital. During the months of August and September, we reflected on a segmented rehabilitation and modernization proposal taking into account short, medium and long term needs, and of which we have already presented the outlines to the authorities”, said Christine. Cabau Woehrel. “Today, we are mobilized to reiterate our commitment to this issue that we have been following closely for a long time,” she added. Quotes reported by the local Commerce du Levant. When reconstruction starts, any plans will propose developing the port into a regional hub with multiple facilities and most likely funded by a public private partnership (PPP). However, the future of any project is dependent on a solution to the country’s economic and political crises. Corruption is believed to be widespread and ingrained, and there has been little sign of progress since the port was part-destroyed last August. Copyright (C) PortSEurope. All Rights Reserved. 2021.

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