Aqaba Container Terminal (PPP)

Aqaba Container Terminal (PPP)

Locations

Type

Seaport

Status

Total Reported Cost

705.0 million USD

Initiatives

Start Date

2006

Start of Construction

Planned Completion Date

Contractors

Consultants

Funders

Source(s) Amount

Description

In 2003, the Aqaba Development Corporation (ADC), on behalf of the Aqaba Special Economic Zone Authority, was on a mission to acquire a strategic partnership to improve the efficiency, capacity and the operational performance of the container terminal in Aqaba. In 2006, A 25-year Joint Development Agreement (JDA) was signed between ADC and the Aqaba Container Terminal (ACT). Under the contract, APM Terminals Jordan (part of the global A.P. Møller–Maersk Group) operates, manages and markets ACT.