Independent journal on economy and transport policy
07:10 GMT+1
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A new multipurpose terminal will become operational in the Egyptian port of Alexandria in early 2022
Egyptian Group for Multipurpose Terminals is negotiating with international companies to involve them in the management of the landing
September 21, 2020
The project will be funded with five billion Egyptian pounds by a consortium of banks made up of National Bank of Egypt (NBE), Banque Misr and Commercial International Bank (CIB) and with two billion pounds from the Egyptian Group for Multipurpose Terminals (EGMPT), public consortium From the Port Authority of Alexandria, from the Suez Canal Authority, the Holding Company for Maritime and Land Transport and Alexandria Container & Cargo Handling Co.
The terminal will occupy an area of more than half a million square meters, will have a quay line of about 2,500 meters depth of the seabed of -17.5 meters. Among the types expected traffic, the new port will have a capacity 1.5 million teu containers, two million tonnes of conventional goods and 100,000 cars.
On the occasion of the signing of the contract, it was announced Egyptian Group for Multipurpose Terminals is negotiating with international companies to involve them in the management of new terminal.
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