Cairo – Mubasher: Egypt’s transportation ministry has witnessed the signing of a contract for the building of a multipurpose terminal with a total cost of EGP 5 billion ($311.79 million) at Alexandria Port.
The contract was signed between the Egyptian Group for Multipurpose Terminals, Gharably Integrated Engineering Company (GIECO), and EDECS Eldawlia for Engineering and Contracting Services, transport minister Kamel Elwazir stated on Saturday.
The project will upgrade the ranking of Alexandra Port and its capacities, the minister added, noting that the project is expected to be completed in 24 months.
Stretching for 2,450 metres, the new terminal will have the capacity to receive 7 ships simultaneously and handle between 12 and 15 million tonnes of goods annually.
