
The signing ceremony. Ministry of Transport.
According to a Cabinet statement on Thursday, the deal comprises the maintenance and operations of the port and the centre, which will be built on 250 feddans - 130 feddans for the dry port and 120 feddans for the logistics centre.
According to Minister of Transport Kamil El-Wazir, the project is expected to handle 400,000 containers annually with an investment cost of $100 million to be borne by MEDLOG.
The Cabinet explained that the new deal comes as part of wider national plans to develop 15 logistic areas and dry ports in various areas across the country.
Based on its LinkedIn profile, MEDLOG, the logistics arm of the logistics and transport global leader MSC, operates in over 80 countries and has over 10,000 employees.
The company offers door-to-door tailored solutions and large off-dock storage facilities to an ever-growing customer base.
Another dry port in Borg El-Arab
The land and dry ports authority also signed an MoU with Ocean Express Shipping company to study, construct, and operate Borg El-Arab dry port.
The new port will be built on 120 feddans in close vicinity to the railway station Borg El-Arab city and 56 kilometres away from the Port of Alexandria, according to Minister El-Wazir.
The project will be executed in two phases.
The first phase, which will be built on 40 percent of its total allocated area, includes a new train station, a handling area, and half of the container area, along with customs inspection and other government services offices, El-Wazir explained.
He projected that the superstructure and infrastructure of the project would be completed in 12 months at a cost of EGP 780 million ($24.23 million).
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