Proposed second container terminal in Damietta Port. Plans not fully finalised but expected to have 2.2km of new berths, with 17 metre depths. Conflicting reports have given stacking space areas ranging from 700,000-840,000 sq m.
Feasibility studies were completed by BrightWater Consulting
China Harbour Engineering Company (CHEC) signed an MoU for the project in late 2016, but not clear if still involved.
It will add to the port's existing container terminal, operated by Damietta Container & Cargo Handling Co. (DCHC) which opened in 1990.
PwC was hired in December 2016 to conduct a feasibility study for the project.
As of February 2018, discussions around financing were still under way. Funding expected to come from a syndicate of local banks, including CIB, NBE and AAIB.
The EBRD is also expected to contribute funding, though terms and amounts are not yet clear.
Tender documents are expected to be issued before the end of Q1 2018.
Closing date for submitting qualifications is 31 May 2018 at 12:00 noon local time at the headquarters of the DPA.
Agreement is schedules to be finalized by end-2018.
Operation of the terminal is scheduled to be by 2020.
|Open Chance||Legal counsel|
|EXIM Bank China||TBC|
|European Bank for Reconstruction and Development||$300m|