Independent journal on economy and transport policy
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Financing of the IFC for the construction of a terminal for liquid bulk in the port Egyptian of Sokhna
The project, that it previews an investment of 504 million dollars, will be realized to the Sonker Bunkering Company
February 8, 2016
The International Finance Corporation (IFC) of the group World-wide Bank has granted a financing of 144 million dollars to the Egyptian Sonker Bunkering Company in order to realize the first private harbour terminal for the liquid bulk traffic of Egypt. The system will be dedicated in particular to the import and storage of diesel oil, natural gas which liquified and gas of liquified oil and will be realized in the port of Sokhna, on the Red Sea. The financing follows those of 100 million and 72 million dollars granted to the Sonker respective from European Bank for Reconstruction and Development (BERS) and the Commercial International Bank (CIB). The total costs of the project are of 504 million dollars.
Sonker is joint venture constituted by the Egyptians Holding Amiral Group, Egyptian General Petroleum Corporation (COOP) and MISR Petroleum and participated also from the Ministries of Finances and the Oil of Cairo.
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