Lebanon Businessnews News

Tender to procure floating dock in Tripoli Port
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The Ministry of Public Works and Transport launched a tender for the purchase and operation of a floating dock that will be situated at the Port of Tripoli (PoT).

The floating dock will be the first in the local market. It will be used for the repair and maintenance of ships with a maximum length of 170 meters and a width of 30 meters.

Ahmad Tamer, PoT Director, said: “The floating dock will generate more than $600,000 in revenues yearly.”

The port will receive an annual fee and a percentage of profit from each ship repair.

The overall cost of the floating dock is expected to reach $8 million, including $2 million to connect the dock to the port.

“The investor is expected to recover investments within six to seven years,” Tamer said.

U.S firm Seatech Marine prepared the terms of reference and will assist PoT in awarding the contract, which will run for a period of 25 years.

When the floating dock starts operations, it will be able to compete with similar docks in Cyprus and Turkey.

According to Tamer, the project will generate 200 jobs for locals from Tripoli and the region.
Reported by Yassmine Alieh
Date Posted: Mar 19, 2018
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