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Image used for illustrative purpose. Container trucks stand in line on the road due to bad weather in the Mediterranean city of Alexandria, March 30, 2019.
Alexandria Port Authority has sealed an initial contract with a consortium of local companies to build, manage, operate, maintain, and redeliver the superstructures of a 300,000 square-meter dry bulk terminal and a logistics zone in El-Dekheila Port, as per a statement.
The consortium comprises Mediterraneo Egypt, Latt Trading and Shipping, an Elsewedy company, and the Holding Company for Maritime and Land Transport.
Worth around $450 million in investments, the project aims to boost the handling and storage capacity of grains, particularly wheat, corn, and soybeans, as it is expected to add from 6 to 7 million tons annually to the handling capacity, the Minister of Transport and Industry Kamel El Wazir said.
The terminal can also accommodate four ships of 240 meters each, he added.
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