Tangier Med asserts its domination

The turnover achieved by Tanger Med in the 1st quarter of 2021 reached DH 739 million, up 18% compared to the same period in 2020.

The port complex continues to operate smoothly and consolidates its number 1 position in container traffic. Apart from turnover, growth was also recorded in the main indicators of port activity in 2021, with an increase of 35% for containers and + 5% for TIR trucks at the end of March 2021 year-on-year, indicates the Tanger Med group.

A feat that can, in large part, be attributed to the establishment of the TC3 container terminal at the port of Tanger Med 2, which enabled Tanger Med to gain 6 places in the ranking of the main container ports carried out by the specialist Alphaliner, going from 31st to 24th in the world between 2019 and 2020. “Tanger Med embodies the Moroccan ambition to become the Mediterranean champion of the sector, ahead of the Spanish Valence”, notes Jeune Afrique.

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Investments made at the end of March amounted to 387 million DH, including 302 million DH for Tanger Med Port Authority (TMPA) and 85 million DH for Tanger Med 2, adds the same source, noting that these investments relate to infrastructure projects, roads, various networks and IT infrastructures. For its part, the consolidated debt reached 10.7 billion DH, including 3.1 billion DH from TMPA and 7.6 billion DH from Tanger Med 2, recording a decrease of 1% compared to December 2020.

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Regarding the turnover (CA) of the Tanger Med 1 port and passenger and ro-ro port, it reached 500 million DH in the 1st quarter of 2021, against 488 million DH in the 1st quarter of 2020, an increase of 3%. For the Tanger Med 2 port, its turnover climbed to 239 million DH in the 1st quarter of 2021, against 139 million DH at the end of March 2020, thus increasing by 72%.

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