Tangier Cable Car Project Stalls Again as Major Contractor Withdraws

The first plans for this flagship project to convert the Port of Tangier-Med date back more than ten years, recalls Challenge. While the French consortium had justified the cessation of its activities by the completion of the financing estimated at 250 million dollars, the Moroccan SOMAGEC, for its part, did not reveal the fundamental reason for this failure. According to the same media, the coronavirus crisis would have slowed down the diversification momentum of the group, specialized in the construction and operation of public parking lots.

If SOMAGEC parkings, the other subsidiary of the group founded by Roger Sahyoun, has succeeded in this public concession by building 14 modern parking lots, the Société du Téléphérique de Tanger, the ad hoc subsidiary created by the SOMAGEC group, has not had this luck. Due to the coronavirus, its liquidation has already been recorded.

Initiated in 2010 and scheduled to be operational in 2014, this innovative project in the field of ecology should have allowed the transport of 2,800 people per hour, from the port of Tangier to the city center.