Planning Ministry approves USD 300 mn EBRD loan to build container terminal at Damietta Port

DEBT WATCH- Planning Ministry approves USD 300 mn EBRD loan for Damietta port: The Planning Ministry has given Damietta Port Authority the green light to obtain a USD 300 mn loan from the European Bank for Reconstruction and Development (EBRD) to finance the construction of a second container terminal at the port, Al Shorouk reports, quoting an unnamed official. The EBRD agreed in principle last year to lend the authority up to EUR 400 mn to finance, but the covid-19 crisis delayed government approval, the official said.