PSA and DP World Lead Race for Cairo Port
Three consortiums have submitted applications to build the US$100 million Cairo dry port, according to Reuters.
Quoting a statement from the Egyptian Ministry of Finance (MoF), the news agency has said the main contenders are being headed up by PSA, DP World and Egyptian company Elsewedy Electric.
The project will see the port being built on 104 acres of land approximately 20 miles west of Cairo, the Egyptian capital.
Cairo at sunset
Once completed, the new dry port will act as a “port for customs clearance of containers handled through the Alexandria and Dekheila ports, which will contribute to easing container traffic,” according to the MoF.
All technical and financial bids are expected to be presented in May and the successful bid will be announced shortly afterward.
The chosen consortium will operate the dry port for 30 years, after which it will be nationalized and come under the ownership of the Egyptian General Authority for Ports and Dry Land.
The port of Alexandria signed memorandum-of-cooperation with the Ukrainian Sea Ports Authority (USPA), the aim of which is to establish a bilateral working group for port operations modernization between the Egypt and Ukraine.