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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Lebanon Awards CMA CGM Contract for Beirut Port Container Terminal

A fisherman travels on a boat in front of a CMA CGM container ship passing through the Suez Canal in Ismailia, Egypt July 7, 2021. REUTERS/Amr Abdallah Dalsh

Lebanon has awarded France's CMA CGM (CMACG.UL) a contract for the management, operation and maintenance of the container terminal in the port of Beirut for 10 years, Public Works and Transport minister Ali Hamie told Reuters on Thursday.

A huge explosion at the port in 2020 killed more than 200 people and damaged entire neighborhoods, deepening Lebanon's worst political and economic crisis since the 1975-1990 civil war.

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