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Damietta port new container terminal

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.

Location
Damietta
Owner
Damietta Port Authority (DPA)
Announced
October 2016
Status
In planning
Completion Date
2020
Key dates
Date action taken
Agreement finalising End-2018
Terminal operation 2020
Value
Undisclosed
Operator
TBC
Contractors, consultants and suppliers
PricewaterhouseCoopers Feasibility study
Open Chance Legal counsel
MELC Group Consultant
Stakeholders
Lender Value
EXIM Bank China TBC
European Bank for Reconstruction and Development $300m
CIB TBC
NBE TBC
AAIB TBC