Bolloré, Toyota and NYK to build car-trade center in Port Said

The Suez Canal Authority signed on Friday a USD 220 mn initial agreement with France’s Bolloré Transport & Logistics, Japan’s Toyota Alliance, and NYK to build a car trade terminal at the East Port Said Port, according to a statement. The 240k sqm terminal will be constructed under a build-operate-transfer framework. The final contract will be inked within a month.