MEDLOG MSC sign deal to establish 10th of Ramadan’s dry port, logistics center

Updated 8/24/2023 11:43:00 AM

Arab Finance: Egyptian Ministry of Transport has signed a contract with the logistics services provider MEDLOG MSC to finance, design, establish, exploit, and maintain the dry port and logistics center in the 10th of Ramadan city, according to a statement on August 24^th.

The port will be built on 130-feddan area, while the center will span an area of 120 feddans.

The project will contribute to serving the trade traffic by reducing goods pile-up, enhancing the logistics services offered, controlling goods transport cost, facilitating connection between manufacturing and consumption areas, and controlling the impact of environmental conditions, Minister of Transport Kamel Al-Wazir said.

It will also trim inspection and customs release time, boost the volume of goods distributed to end users, control accidents at national networks, and create job opportunities.

The project will be implemented via a public-private partnership (PPP) for a 30-year period, the minister noted, adding that 400,000 containers are expected to be handled annually with investments of around $100 million, to be paid totally by the investor.

In related news, the General Authority for Land and Dry Ports (GALDP) has signed a memorandum of understanding (MoU) with Ocean Express Shipping to study, establish, manage, and operate Borg Al-Arab dry port on a 120-feddan area, transport minister pointed out.

The project is expected to be linked to the railway network and the logistics axis under construction, he added.

The estimated cost of the project’s infrastructure and superstructure is EGP 780 million, to be executed over 12 months after completing the project’s second phase in a 24-month period, Kamel Al-Wazir said.

Furthermore, it will see the handling of 120,000 twenty-foot equivalent units (TEUs), 2.5 million tons of casting goods, and 4.5 million tons of general goods, along with providing several areas of up to 85,000 square meters for the free storage zone and logistic industries zone.