Arafat breaks ground on USD 450 mn multipurpose terminal at Safaga Port

Transport Minister Hisham Arafat broke ground yesterday on a USD 450 multipurpose terminal at the Safaga Port, according to a ministry statement. The new terminal will have the capacity to handle 500k containers carrying 2.5 mn tonnes of cargo per year in its first phase. At completion, the 400 sqm terminal’s capacity will increase to 7 mn tonnes of cargo a year. The ministry had signed an MoU with the China Road and Bridge Corporation back in December to construct and operate the new terminal under a build-operate-transfer framework.