Damietta Port, China Harbor Sign MOU on New Container Terminal

Egypt’s Port of Damietta Authority has signed a Memorandum of Understanding (MOU) with China Harbor for the development of Damietta Port’s second container terminal.

Under the agreement, signed on October 9, the project implementation period would be 24 months.

The new terminal is planned to comprise berths totaling 2,225 meters with 17 meters depth and stacking space of 700,000 m2.

In parallel to project execution, Port of Damietta Authority will be launching and international tender to select an international container terminal operator.

The Chinese Bank is scheduled to finance 85 percent of project cost, while the authority will have complete ownership of the terminal.

“Feasibility studies conducted in this regard confirm market and economic effectiveness of the new terminal which will greatly enhance already operating national container terminal performance in accommodating latest containerships,” Port of Damietta Authority said.

Share this article

Follow World Maritime News

In Depth>


<< Nov 2019 >>
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >