3 Intl’ Consortiums Compete for Establishing Egypt’s Dry Port

By: Yassmine ElSayed

CAIRO, Feb. 10 (SEE) - Ministry of Finance announced that 3 international consortiums, including companies from Germany, Singapore, India, UAE and Egypt, are competing to win a contract to establish a dry port to serve the industrial zone in the city of 6 October, whose investments are expected to exceed $100 million.

According to ‘Alwafd’ newspaper, the ministry received requests to buy the conditions booklet for the dry port project, where three consortiums were interested. These are:

1. A consortium led by Conkor (India), comprising Hassan Allam Group and PSA (Singapore).

2 - A consortium led by DP World, in collaboration with Holding Company for Land & Marine Transport.

3- A consortium led by Al-Suwaidi Electronics Group, which includes Shankar Egypt (Germany) and 3A International.

The project of dry port will be established in partnership with the private sector (PPP), on an area of 100 feddans at 6 October city, allocated for services of customs clearance of containers crossing ports of Alexandria and Eldekheila. This will, in accordance, ease the traffic of the containers in those cities’ ports, in addition to serving the industrial area of ​​the city. The new port will also create many new jobs in the port and the logistics center which is to be constructed as well.

The contract for the implementation and operation of this project is 30 years, after which, it will be owned by the State.

Technical and financial bids are to be presented in next May, after which the winner will be announced.

The dry port project is part of the Ministry of Transport's efforts to develop land, sea and rail transport systems that serve people and goods, as one of the main tools for economic growth.