8 January 2021
Clifford Chance advises Tanger Alliance on the EUR133 million financing of the construction of the container terminal 3 in the Tanger Med 2 port
Clifford Chance is advising Tanger Alliance, a subsidiary of Marsa Maroc, Contship Italia, Eurogate International and Hapag Lloyd, on its long-term credit agreement of EUR133 million to finance part of the costs of the construction of the Container Terminal 3 (TC3) of the Tanger Med 2 port in Morocco. The total investment for financing the construction of the project amounts to approximately EUR175 million.
The signing of the Credit Agreement took place yesterday in Casablanca, 7 January 2021, and forms part of the implementation of the financing plan of the TC3 project involving a consortium of Moroccan banks composed of the Banque Centrale Populaire group (as mandated arranger), Attijariwafa bank group (as co-arranger), Bank Of Africa group and CIH Bank.
The Clifford Chance team was led by Partner Mustapha Mourahib, Counsel Ouns Lemseffer and Associates Aysh Ahmed Chaudhry and Meriem Komiha.