Egyptian port finance deal agreedPublished by: Robert Li at 10/01/2024The USD 455 million facility will fund the construction of the Damietta port’s second container ter... The USD 455 million facility will fund the construction of the Damietta port’s second container terminal superstructure. A multi-sponsor, multimillion-dollar financing agreement to build a second terminal at Egypt’s Damietta port has been struck, paving the way for the project to proceed. The Damietta port enjoys a strategic position adjacent to the Suez Canal, and is served by an expedient road transport network linking it to the cities of Cairo and Alexandria as well as the Nile Delta region. The project is set to treble the port’s container capacity to 3.3 million TEU and position it to compete effectively in future.
