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Rehabilitation and expansion of an import terminal at Umm Qasr Port

Project

Networks and infrastructures
umm-qasr
CMA CGM
Signature date
Location
Iraq
Financing tool
Loan
Financing amount (Euro)
30818079
Financing details
USD 33m loan
Customer
TERMINAL LINK
Type of customer
Company
Country of headquarters
France
Project number
PZZ1636
Environmental and social ranking
B+
Climate co-benefits
Project with climate co-benefits
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This information is given at the time of signature, without prejudice to any developments in the operation/project.

Proparco has allocated a loan for the rehabilitation and expansion of a strategic terminal at Umm Qasr Port in Iraq.

Client presentation

Terminal Link, a subsidiary of CMA-CGM and China Merchants Port, owns a portfolio of container terminals in Europe, North America, Asia, Africa and the Middle East.

Project description

A USD 33m loan has been allocated to Terminal Link for the rehabilitation and expansion of its import terminal in Iraq at Umm Qasr Port. The works will increase the volume of containers handled and improve service quality.  

Umm Qasr Port is the only deep-water port in the country and the main gateway between Iraq and the rest of the world: 60% of imported goods transit through it. The country is highly dependent on its imports, as its industrial fabric is fragile, and its economy highly dependent on hydrocarbon exports. 

The rehabilitation and expansion of the terminal operated by Terminal Link thereby supports economic development and job creation in Iraq. Furthermore, by avoiding a saturation of the port and a modal shift towards the road (mode of transport with higher emissions), the project also avoids CO2 emissions.

Project impact

The expected development impacts of this projects are:

  • 176 jobs maintained and 20 jobs created
  • 62,850 tons of CO2eq avoided every year by avoiding the modal shift from sea freight to road freight.

The project should contribute to SDG 8 “Decent work and economic growth”, SDG 9 (“Industry, innovation and infrastructure”) and SDG 13 (“Climate action”).