Maritime and Land Transport Co. to develop second container terminal at East Port Said

It looks like Maritime and Land Transport Company, a subsidiary of the Port Said Container and Cargo Handling Company, will be taking on the contracts for the construction and management of another zombie project, the second container terminal at the port in East Port Said, holding company boss, Mohamed Youssef, tells Al Shorouk. This comes not too long after we heard that talks were back on with both Singapore’s PSA International and France’s CMA CGM for the construction and management of the platform. The statements confirm reports in March that talks with both companies for the USD 300-400 mn project had fallen through and had been awarded to the Port Said Container and Cargo Handling Company.