Egypt awards $100m private dry port project
25 August 2023
Geneva-based logistics firm Medlog MSC has won the contract to develop Egypt’s second dry port public-private partnership (PPP) project at Cairo’s 10 Ramadan City.
The finance, design, build, operate and maintain contract is for 30 years and is valued at roughly $100m, according to local media reports.
The project will occupy over 250 feddans of land, with one feddan equivalent to around 4,500 square metres.
The dry port project will feature a logistics hub, occupying about 48 per cent of the allocated land.
MEED reported in June that Egypt’s PPP Central Unit, on behalf of the Transport Ministry represented by the General Authority for Land & Dry Ports, was evaluating bids received earlier this year for the contract.
The following firms led the other consortiums that bid for the contract:
- Elsewedy Electric (local)
- Orascom (local) / Abu Dhabi Ports (UAE)
- CMA-CGM (France)
US/India-based Synergy Consulting is the financial adviser to the client for the transaction.
The 10 Ramadan dry port and logistics hub is one of the nine dry ports that Egypt originally planned to develop using a build, operate, transfer model.
Egypt is considering the following locations for the other dry ports:
- Borg al-Arab
- Sadat City (75 acres)
- New Damietta (15 acres)
- Golden Triangle
- New Beni Suef
- New Sohag
- Kostal (300 acres)
- Arkeel (300 acres)
- East Port Said
- Waiba City
First dry port PPP
In January 2020, Egypt awarded the country’s first dry port PPP scheme in 6 October City to a consortium comprising Germany’s DB Schenker and local firms El-Sewedy Electric and 3A International.
The $176m contract entails the development of 13 specialised zones to receive and store containers and liquid and dry bulk cargo. It will also include multipurpose storage warehouses and an administrative area. The contract duration is 30 years.
The port is predicted to handle 720 containers (20-foot equivalent units) a day and a total of about 250,000 TEU/year.
A further 300 acres has also been allocated for a logistics centre to support the port, which will be developed later, potentially as a PPP.
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