FRANCO-SPANISH GROUP TO BUILD LOME BOX TERMINAL

CMA CGM and Spains Progasa group have signed an agreement with the government of Togo to build and manage an international container terminal at the port of Lome. The terminal, which will have a 400-metre long quay, will be operated by the local company Societe Investissement de Terminal a Conteneurs (SITC), whose equity will be divided between the French shipping line and Progosa in equal proportions.