Cairo: Ministry of Transport and the Central Unit for Participation with the Private Sector "p.p.p" affiliated to the Ministry of Finance will receive technical and financial tenders for the establishment of the first dry port in Egypt starting from July 11, according to Ministry of Finance.
Earlier, Finance Ministry announced that three consortiums of international companies from Germany, Singapore, India, the UAE and Egypt competed to win the contract for the construction of a dry port, with investments expected to exceed $100 million.
The dry port is set to serve the Industrial Zone in 6th of October City.
The ministry elaborated that its Central Unit for Participation with the Private Sector received requests to buy the specifications of the dry port project from three consortiums.
These consortiums are an alliance led by Conkor (India), which includes Hassan Allam Group and PSA (Singapore); an alliance led by DP World in cooperation with the Holding Company for Land and Marine Transport; and an alliance led by Al-Sewedy Electronics Group, which includes Shankar Egypt (Germany) and 3A International.
The Finance Ministry pointed out that the Central Unit for Participation has completed all procedures for launching the dry port project from the Ports and Dry Ports Authority of the Ministry of Transport; the dry port will be set up in partnership with the private sector PPP. Source: Egypt Today
Copyright © 2019 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).