China Harbor to build second container terminal at Damietta Port: China Harbor Engineering gets an “A” for persistence, closing an MOU to build a second container terminal at Damietta Port despite having weathered more than 18 months of turbulence over its bid to build a multipurpose platform in Alexandria. China Harbor has closed a memorandum of understanding with the Damietta Port Authority to build “2,225 metres of berths, with a water depth of 17 metres and stacking space of 700,000 square metres” over a two-year period, according to industry publication Port Technology. Fully 85% of the project financing will come from China, with the port authority retaining full ownership.