Two years ago, a $60M, 600 m long, 15.5m deep quay was built at the Port of Tripoli. Just recently, Businessnews reported that infrastructure works on the new quay will begin early next year. Local contractor Mouawad-Edde is set to handle the first phase of these works over a 50,000 square meter plot near the quay, which will allow for the terminal to process up to 400,000 containers annually. Phase Two of the project will allow the terminal to process 800,000 containers. Through a Build-Operate-Transfer (BOT), The UAE-based Gulftainer will handle the finance, design, construction and operation of the facility for the next 25 years.
As for the Jounieh Port, it is set to be transformed from the shipping port it is today to a tourist hosting hub. The project is worth $500,000, shall be completed in 2015 and will allow the port of Jounieh to host 600 passengers/day.
The Municipality of Jounieh is also planning to build a tourist port in Kaslik. The Project has been reported to cost $40M and to attract charters able to transport 2,000 passengers.
Tripoli Customs and VAT Revenues
Source: Ministry of Finance