Damietta Port Authority meet with local banks to talk financing

Head of the Damietta Port Authority Ayman Salah met with a syndicate of local banks to discuss funding of a second container terminal, according to Al Mal. The syndicate includes CIB, NBE and AAIB. The consortium, which will be a conduit for EBRD financing of the project, confirmed that funding proposals would be presented within the month. Damietta port authorities picked PricewaterhouseCoopers earlier this week to conduct a feasibility study for the project.