The Alexandria Port Authority, Suez Canal Authority, and Land Maritime Transport Holding Company signed yesterday an agreement to establish a EGP 500 mn holding company to construct, manage, and operate a multipurpose platform at the Alex Port, Al Mal reports. The new company will also be given 30-year usufruct rights to the platform. The consortium had reached an agreement last month to build the USD 450-500 mn facility, which was originally meant to be constructed by China Harbour until talks reached an impasse due to pricing.

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