Analysis – Syria signs 49-year contract for operation, overhaul of Tartus port with Russia’s Stroytransgaz
Tartus, Syria (PortSEurope) April 25, 2019 – The Syrian authorities have concluded a 49-year investment contract with Russian company Stroytransgaz for the expansion and operation of the port of Tartus, transport minister Ali Hamud said. A total of $500 million (€449.5 million) will be invested in the reconstruction of the port, including the expansion of the port in the north and the construction of new infrastructure. As a result, its handling capacity should increase from…
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