€700m investment for cargo terminal

Terminal Investment Limited (TiL) has announced a €700 million investment programme for the cargo terminal at Le Havre, France.

Le Havre, port de plaisance in France (Photo: Adobe Stock)

The company said that this will prepare the port for the highly efficient processing of the world’s biggest cargo ships, including the new generation of 24,000 TEU vessels. The investment is said to lead to the creation of over 900 jobs for dockers and 200 for maintenance workers over the next six years. 

TiL is reportedly installing gantry cranes, doubling the number at the terminal to 20 and will also be tripling the terminal’s storage capacity with the installation of fleet gantries at six berths. The new gantries are said to be electrically powered and the port will provide shore power for ships.

Ammar Kanaan, CEO TiL, said, “By implementing this initiative we will be able to grow and densify our capacity to help Le Havre become an even more significant access point for the French cargo market, and beyond. In order to realise Le Havre’s full potential as a gateway to Europe, we are counting on the French government’s support for the development of the related intermodal rail infrastructure that will further enhance the link between our container terminals and European supply chains.”