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29 January 2020 The on-line newspaper devoted to the world of transports 08:32 GMT+1

September 13, 2019

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Original news
Eurogate and Contship participate to a logistic project Egyptian who includes the construction of a container terminal to Damietta

Previewed an initial investment of 750 million euros

Near Ministry Egyptian of Transports, to presence of minister Kamel Elwazir, representatives of terminal operator Eurogate and Contship Italy, that both to the German group Eurokai are under responsibility that possesses respective 50% and 66.6% of the share capitals, have undersigned with the Harbour Authority of Damietta a memorandum of understanding a whose objective is the creation of the greatest logistic system in Middle East and Africa and previews the construction of a container terminal in the port of Damietta, a railway line, a dry port and area of distribution of the goods. The investment previewed from the first phase of the project piles to 750 million euros.

The understanding previews the collaboration to the definition over four months of a business plan for the performance of the project that, second the forecasts, would have to be completed within the end of 2022.

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