Suez Canal Container Terminal SCCT
Company typePrivate
IndustryTransport, Terminals
Founded2000
HeadquartersPort Fuad, Egypt[1]
Key people
Lars Vang Christensen (CEO)
Mahmoud Ayoub (COO)
Websitehttp://www.scct.com.eg/ 31°12′41.18″N 32°21′25.60″E / 31.2114389°N 32.3571111°E / 31.2114389; 32.3571111

Suez Canal Container Terminal (SCCT) (Arabic: شركة قناة السويس للحاويات) is a container terminal located at Port Said East and functions as a transshipment centre for the Eastern Mediterranean at the northern entrance to the Suez Canal. The terminal has been operational since October 2004. Suez Canal Container Terminal (SCCT) is a private joint venture company that obtained the concession to build, operate, and manage this new terminal. The majority (55%) shareholding of SCCT is held by APM Terminals. 20% of the shares are held by COSCO, 10% are held by Suez Canal & Affiliates, 5% by the National Bank of Egypt (NBE), and the remaining 10% are held by the Egyptian private sector.[2]

History

The Egyptian government signed a concession agreement for a term of 30 years in relation to the need for a container terminal in Port Said.[citation needed] In 2002,[citation needed] Egypt ratified an additional concession agreement, following earlier approval of terminal design in 2001.[citation needed]

Construction on the SCCT first started in 2003,[citation needed] and a target date of October 1 of the following year was established. The Suez Canal Container Terminal became operational in October 2004.[2]

In 2007, the Egyptian government signed a concession agreement[3] for the progression of "Phase II" of the SCCT facility.[2]

See also

References

  1. ^ El-Bastawisy, Magdy M. (1 January 2016). "Incorporating Local Urban Environmental Conservation and Regional Development: Port Fouad, Egypt". Procedia Environmental Sciences. 34. Elsevier: 271–284. doi:10.1016/j.proenv.2016.04.025.
  2. ^ a b c "SCCT - SUEZ CANAL CONTAINER TERMINAL". Retrieved September 30, 2011.
  3. ^ "E-Logi.net Suez Canal Container Terminal (SCCT) signs concession agreement for Phase II of the East Port Said terminal development". September 9, 2007. Retrieved September 30, 2011.