Petroleum Africa
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Wednesday, January 20, 2016
Algeria will be getting a new transit port to provide services to its fellow North African countries as well as European countries. The government of Algeria and China signed a $3.3 billion deal to build a new center trans-shipment port at Cherchell. The port at Cherchell is 55 miles west of Algiers.
The agreement was signed between Algeria’s Transport Ministry, China Harbor Engineering Co. (CHEC) and China State Construction Engineering Corp. (CSCEC) in Algeria. Under the deal the two sides will create a consortium company, to be finalized in March, to build the port.
The port will have 23 docks capable of processing 6.5 million 20-foot containers and 26 million tons of goods per year.
The project is expected to be completed within seven years, and gradually put into service within four years with China’s Shanghai Ports Group in charge of its management.
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