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Monday, 25 September 2017

Can this agreement for an Alex multipurpose facility finally be allowed to rest in peace?

Can this agreement for an Alex Port multipurpose facility finally be allowed to rest in peace? It now appears that this zombie project from the Egyptian Economic Development Conference, which has been killed and resurrected more times than a video game boss, may be allowed to die. Transportation Minister Hisham Arafat tells Al Borsa that it was unlikely his ministry will resume talks with China Harbour to build the multi-purpose facility in Alex Port after the company refused to cut the project’s price tag. The ministry is now considering opening the project for bidding in a new tender, said Arafat. Last we heard, cabinet was yet to issue a final ruling on the agreement in light of new talks. We’ve had a eulogy to an agreement prepared since 2015.

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