The Egyptian government has submitted to Parliament a bill to establish a dry port in 6th October City, whose processes of finance, design, construct, use, and maintain will be in a partnership with the private sector.
The booklet of conditions for this project is that the operator has international experience, and his share in the project is not less than 20%. This will ensure the ability to operate the port.
For the material rights that accrue to the state, they are divided into two parts, the first is the state’s right to obtain a fixed amount of $600 annually and the second is the state’s right to a rate ranging from 7% to 12% of the port’s revenues and not its profits.
The bill stipulates granting a financing commitment to the October Dry Port Company, an Egyptian joint-stock company and the project company established by the winning consortium of Elsewedy Electric Co S.A.E- DB Schenker – Elsewedy for logistical properties.
The commitment period granted to the project company is 30 years from the date of the actual operation of the port.
The winning consortium cannot build unless it gets permission from the authority, and it is obligated to complete the facilities.
The target is to establish the first dry port to be implemented in Egypt, to serve the movement of goods handling and relieving the pressure of transport trucks on the roads.
The project is to be implemented on an area of 100 acres in addition to another plot of 300 acres as a logistical area.
It aims to connect the port with seaports through the railway network.
The investment cost of the project reaches $100.