{"id":631609,"date":"2018-03-22T04:13:49","date_gmt":"2018-03-22T04:13:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/22\/alex-port-led-consortium-to-build-usd-450-500-mn-multipurpose-platform\/"},"modified":"2018-03-22T04:13:49","modified_gmt":"2018-03-22T04:13:49","slug":"alex-port-led-consortium-to-build-usd-450-500-mn-multipurpose-platform","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/22\/alex-port-led-consortium-to-build-usd-450-500-mn-multipurpose-platform\/","title":{"rendered":"Alex Port-led consortium to build USD 450-500 mn multipurpose platform"},"content":{"rendered":"<p><strong>Alex Port-led consortium to build USD 450-500 mn multipurpose station: <\/strong>The Alexandria Port Authority (APA) is forming a JV with the Suez Canal Economic Zone (SCZone) and the Land Maritime Transport Holding Company to build a USD 450-500 mn multipurpose facility at the Alex Port, a <a href=\"https:\/\/enterprise.press\/stories\/2017\/09\/25\/can-this-agreement-for-an-alex-multipurpose-facility-finally-be-allowed-to-rest-in-peace\/\">zombie project<\/a> from the 2015 Egypt Economic Development Conference that has been killed and resurrected more times than we can count. The project will be partially financed by bank loans, Land Maritime Transport Holding Company Chairman Mohamed Youssef, <a href=\"http:\/\/www.almalnews.com\/Story\/369789\/58\/%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D8%AB%D9%84%D8%A7%D8%AB%D9%89-%D9%84%D8%A5%D9%82%D8%A7%D9%85%D8%A9-%D9%85%D8%AD%D8%B7%D8%A9-%D9%85%D8%AA%D8%B9%D8%AF%D8%AF%D8%A9-%D8%A7%D9%84%D8%A3%D8%BA%D8%B1%D8%A7%D8%B6-%D9%81%D9%89-%D8%A7%D9%84%D8%A5%D8%B3%D9%83%D9%86%D8%AF%D8%B1%D9%8A%D8%A9\">tells Al Mal<\/a>. Negotiations with China Harbour have no officially <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/12\/talks-with-china-harbour-over-alex-port-platform-back-on\/\">reached a dead end<\/a> after it refused to cut the project\u2019s price tag.<\/p>\n<p>In related news, <strong>Youssef said his company had received five offers to expand the Alex Container and Cargo Handling company\u2019s platforms at the Alex Port for USD 35 mn<\/strong>, a project that should take 18 months to complete. A similar development project is also set to take place at the Damietta Port.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alex Port-led consortium to build USD 450-500 mn multipurpose station: The Alexandria Port Authority (APA) is forming a JV with the Suez Canal Economic Zone (SCZone) and the Land Maritime Transport Holding Company to build a USD 450-500 mn multipurpose facility at the Alex Port, a zombie project from the 2015 Egypt Economic Development Conference [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631609","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d7c0ea99-6c28-4594-bf39-ba43ad459be2","order":"0","is_powered_by":true,"section_story_id":"7bab2275-54a4-40b5-a333-a41e3b3bfcda","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631591],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The JV\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":626976,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/16\/alex-port-authority-taps-sarie-eldin-to-advise-on-multipurpose-platform-project\/","url_meta":{"origin":631609,"position":2},"title":"Alex Port Authority taps Sarie Eldin to advise on multipurpose platform project","author":"enterpriseam admin","date":"16 July 2018","format":false,"excerpt":"The Alex Port Authority has tapped Sarie Eldin & Partners as legal advisor for the USD 450 mn multipurpose platform project at the Alex Port, an unidentified source tells Al Mal. 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