Algeria, China ink $3.3 bn mega port deal
The port will have 23 docks capable of processing 6.5 million 20-foot containers and 26 million tons of goods per year [Xinhua]Algeria and China on Sunday inked a $3.3 billion deal to build and exploit a new center trans-shipment port of Cherchell, 55 miles west of the capital city of Algiers.
Algeria, an OPEC state, has billed it as a crucial Mediterranean transit port that will provide services to North Africa and Europe.
