Feasibility studies for East Port Said’s USD 765 mn container terminal done

The Holding Company for Maritime and Land Transport completed feasibility studies for a USD 765 mn container terminal at the port in East Port Said, Chairman Mohamed Youssef tells Al Borsa. Egypt’s bumpy negotiations with Singapore’s PSA International over the terminal seem to have once again fallen through, as the Port Said Container and Cargo Handling Company is still looking for an international development partner. France’s Shipping Group CMA CGM is reportedly in talks over the management of the terminal, which should take about 36 months to build, according to the feasibility study.