Egypt’s Parliament approves RORO terminal project at East Port Said

The terminal will have a large wharf area of 600 metres

  
Image used for illustrative purpose. Labourers work next to a crane atop a residential construction site in Rizhao, Shandong province November 3, 2013.

Image used for illustrative purpose. Labourers work next to a crane atop a residential construction site in Rizhao, Shandong province November 3, 2013.

REUTERS/China Daily

Cairo –  The Economic Affairs Committee at the Egyptian Parliament approved a draft law for awarding a dedicated automotive roll-on/roll-off terminal (RORO terminal) at East Port Said on a build-operate-transfer (BOT) basis, according to a statement on Tuesday.

The agreement was signed with Bolloré Africa Logistics (Bolloré), Toyota Tsusho Corporation (Toyota Tsusho), and NYK.

With investments of $180 million, the 270,000-square-metre RORO terminal will have a large wharf area of 600 metres.

The project is expected to create 40 direct jobs and 1,700 indirect jobs.

The decision will be referred to the General Committee for approval.

Source: Mubasher

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