Italian firm to buil and operate a the new Tenth of Ramadan dry port: Medlog, the cargo subsidiary of Italy’s Mediterranean Shipping Company(MSC), has inked a contract with the government to design, construct, operate, maintain, and finance the new Tenth of Ramadan dry port and logistics center, according to an Transport Ministry statement on Thursday. The project will be carried out under a 30-year public-private partnership (PPP) contract.

ICYMI- A consortium led by MSC was chosen in June from four bidders to establish and operate the 250-feddan dry port. The dry port aims to serve the industrial area in Badr, Ain Sokhna, East Port Said, the New Capital, and the Tenth of Ramadan.

AND- Ocean Express is onboard for the Borg El Arab dry port: Egyptian company Ocean Express Shipping signed an MoU with the General Authority for Land and Dry Ports to study, establish, manage and operate the planned dry port at Borg El Arab, according to the same ministry statement. A first EGP 780 mn phase of the project is set to be completed within 12 months, with the entire dry port planned to be up and running within two years, the statement reads. The port will process some 4.2 mn tons of goods every year.

What happened to the tender? Last we heard, a consortium led by Alpha Capital was reported to be among bidders looking to compete for the Borg El Arab dry port project in a tender that was slated for last October.

Tags: