{"id":606780,"date":"2023-09-21T00:00:00","date_gmt":"2023-09-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/21\/ifc-could-lend-usd-125-mn-for-damietta-port-cargo-terminal\/"},"modified":"2023-09-21T00:00:00","modified_gmt":"2023-09-21T00:00:00","slug":"ifc-could-lend-usd-125-mn-for-damietta-port-cargo-terminal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/21\/ifc-could-lend-usd-125-mn-for-damietta-port-cargo-terminal\/","title":{"rendered":"IFC could lend USD 125 mn for Damietta Port cargo terminal"},"content":{"rendered":"

We now know how much funding the IFC could extend to Damietta cargo terminal II: <\/strong>Our friends at the <\/font>International Finance Corporation (IFC) are considering extending USD 125 mn loan to Egypt to fund the construction of Damietta Port\u2019s second container terminal, according to the lender\u2019s website<\/a>. The board is expected to make a final decision on the facility on 30 October.<\/p>\n

Remember: <\/strong>The funding is part of a USD 455 mn financing package<\/a> involving the IFC, the European Bank for Reconstruction and Development (EBRD), the Asian Infrastructure Investment Bank (AIIB), Deutsche Investitions und Entwicklungsgesellschaft (DEG), and the French Development Agency\u2019s private-sector investment arm Proparco. The AIIB is chipping in USD 100 mn<\/a>, and EBRD announced funding the project with USD 125 mn last month.<\/p>\n

Background: <\/strong> A consortium of European companies are working on the project: Hapag-Lloyd, Eurogate Terminals, and Contship Italia signed an agreement with the Damietta Port Authority last year for the USD 665 mn project. The firms will establish the terminal under a 30-year build-operate-transfer framework. The terminal will have a final capacity of 3.3 mn TEUs and is expected to begin operating by 2024, raising the port\u2019s total capacity to 4.7 mn TEU by the third year of its operation.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is part of a broader USD 455 mn financing package involving the EBRD, the AIIB and other multilateral lenders<\/p>\n","protected":false},"author":1,"featured_media":606781,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7278],"tags":[101,72,7111,759,145],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-606780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-development-finance","tag-enterpriseam","tag-infrastructure","tag-international-finance-corporation","tag-logistics","wpautop","entry"],"acf":{"mongo_id":"5a969191-b464-4752-a16c-fb7eeb90c798","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/1360.jpg","photo_position":"above","homepage_title":"","full_issue_title":"IFC could lend USD 125 mn for Damietta Port cargo terminal","related_issue":[606771],"teaser":"This is part of a broader USD 455 mn financing package involving the EBRD, the AIIB and other multilateral lenders","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.ebb55e6e-3fa5-401c-9359-9bfd6eec34a1.mp3"},"yoast_head":"\nIFC could lend USD 125 mn for Damietta Port cargo terminal - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/21\/ifc-could-lend-usd-125-mn-for-damietta-port-cargo-terminal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFC could lend USD 125 mn for Damietta Port cargo terminal\" \/>\n<meta property=\"og:description\" content=\"This is part of a broader USD 455 mn financing package involving the EBRD, the AIIB and other multilateral lenders\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/21\/ifc-could-lend-usd-125-mn-for-damietta-port-cargo-terminal\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1360.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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operation by 2024.","rel":"","context":"In "Logistics"","block_context":{"text":"Logistics","link":"https:\/\/enterpriseam.com\/egypt\/category\/logistics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1512.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603692,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/ebrd-has-funding-for-damietta-port-and-is-pushing-forward-liberalization-of-our-electricity-grid\/","url_meta":{"origin":606780,"position":1},"title":"EBRD has funding for Damietta Port \u2014 and is pushing forward liberalization of our electricity grid","author":"enterpriseam admin","date":"20 August 2023","format":false,"excerpt":"EBRD is also working with Egyptera on a a wheeling framework for the national electricity grid","rel":"","context":"In 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The\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595922,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/14\/ebrd-ifc-opic-agree-to-finance-usd-252-mn-of-lekela-egypts-250-mw-wind-farm\/","url_meta":{"origin":606780,"position":4},"title":"EBRD, IFC, OPIC agree to finance USD 252 mn of Lekela Egypt\u2019s 250 MW wind farm","author":"enterpriseam admin","date":"14 August 2019","format":false,"excerpt":"INVESTMENT WATCH- EBRD, IFC, OPIC agree to finance USD 252 mn of Lekela\u2019s 250 MW wind farm: The European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) and the Overseas Private Investment Corporation (OPIC) have agreed to jointly provide USD 252 mn in funding to Lekela Egypt\u2019s\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":587527,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/29\/banque-misr-could-soon-get-a-usd-260-mn-loan-from-ifc\/","url_meta":{"origin":606780,"position":5},"title":"Banque Misr could soon get a USD 260 mn loan from IFC","author":"enterpriseam admin","date":"29 May 2023","format":false,"excerpt":"The bank will use the loan for on-lending to local MSMEs and women-owned SMEs","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1533.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/606780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=606780"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/606780\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/606771"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/606781"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=606780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=606780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=606780"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=606780"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=606780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}