The Board of Directors of the Suez Canal Economic Zone (SCZone) approved Tuesday the establishment of four new logistic projects, including an integrated logistic project in East Port Said, which was submitted by the Rosa Grains- Roots Commodities consortium.
The project includes a clean dry bulk terminal for handling grains, and a logistics area for value-added operations, the SCZone elaborated.
The investment cost of the logistics zone is estimated at about LE 200 million, for the first phase, which is located on an area of 400,000 square meters.
In July, the House of Representatives approved the contract for the dry bulk station, which includes the construction of the project on a quay length of 500 meters and an area of 267,000 square meters with investments of LE 2.2 billion.
Sokhna Port Development
In Ain Sokhna port, the board of directors of the authority agreed to start the procedures for activating the initialing contract between the authority and the consortium of Hutchison Ports, COSCO and CMA to build the superstructure, manage and operate the container terminal in the port of Sokhna.
The project includes work in the first phase on a quay of a length of 1,200 meters with an area of 720,000 square meters, and a second phase of a quay of 1400 meters in length with an area of 740,000 square meters.
Furthermore, the Board of Directors approved the project to establish a multi-purpose terminal for the Sky Investment - Reliance Logistics consortium, in East Port Said Port, provided that the authority will start taking the necessary measures towards this contract.
The project includes the construction of a station with a quay length of 900 meters and a handling area of 380,000 square meters, with cumulative investments estimated at $65 million.
During the meeting, the Board of Directors of the Economic Zone approved the establishment of expansions for the Suez Canal Container Terminal in East Port Said Port, with a length of 955 meters and an area of 510 thousand square meters, with cumulative investments estimated at $500 million.
The terminal is currently operating with a berth of 2,400 meters and a handling space of 1.2 million square meters. It is the current main terminal for operating the East Port Said Port.