Marsa Maroc inks MoU to explore modernizing Liberian ports

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.