Development
In September 2007, the Government of Egypt signed a contract with Suez Canal Container Terminal to build and operate Phase II of the terminal which will include another 1200 m of quay. This agreement will put SCCT in the Mediterranean ports frontline.
The new phase will commence operation in the first half of 2010 and will work with full capacity in the first half of 2011.
On 27 November, the Egyptian Prime Minister Dr. Ahmed Nazif visited the SCCT with the Minister of Transport, Eng. Mohamed Mansour, Port Said governor and Port Said Port Authority officials for the groundbreaking ceremony of the Phase 2 extension.
SCCT’s phase 2 will increase terminal capacity from 2.5 million TEU to 5.1 million TEU raising the total investment to USD$730 million. After the completion of Phase II, SCCT can offer a quay wall of 2400 meters and 24 post-panamax quay cranes.
Read more about this topic: Suez Canal Container Terminal
Famous quotes containing the word development:
“The American has dwindled into an Odd Fellow—one who may be known by the development of his organ of gregariousness.”
—Henry David Thoreau (1817–1862)
“On fields all drenched with blood he made his record in war, abstained from lawless violence when left on the plantation, and received his freedom in peace with moderation. But he holds in this Republic the position of an alien race among a people impatient of a rival. And in the eyes of some it seems that no valor redeems him, no social advancement nor individual development wipes off the ban which clings to him.”
—Frances Ellen Watkins Harper (1825–1911)
“For the child whose impulsiveness is indulged, who retains his primitive-discharge mechanisms, is not only an ill-behaved child but a child whose intellectual development is slowed down. No matter how well he is endowed intellectually, if direct action and immediate gratification are the guiding principles of his behavior, there will be less incentive to develop the higher mental processes, to reason, to employ the imagination creatively. . . .”
—Selma H. Fraiberg (20th century)