Morocco’s port terminal manager Marsa Maroc signed an MoU with the National Port Authority (NPA) of Liberia to explore modernizing the country’s main ports, the company said in a shared statement. The pair intend to assess the state of port operations, share expertise, and finalize agreement details over the next 18 months.
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What we know: The final agreement will include the construction of a new multipurpose terminal at Liberia’s Port of Monrovia under a private-public partnership and modernize the Port of Buchanan via the development of a multifunctional terminal to improve efficiency and port throughput, the statement notes.
Marsa Maroc has been busy: French logistics provider CMA CGM inked a 25-year agreement last month with the firm to form a joint venture to equip and operate half of Nador West Med container terminal. Marsa Maroc will hold a 51% share in the JV, while CMA CGM will have a 49% share. Marsa Maroc also entered an agreement in September to start managing and operating Terminals 1 and 5 at Benin’s Cotonou Port. The firm also took on a delegated management contract to operate the port’s terminals back in July.