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Monday, 16 July 2018

Damietta Port Authority to sign loan agreement with EIB to finance second container terminal

The Damietta Port Authority is set to sign a loan agreement with the European Investment Bank (EIB) to finance the establishment of a second container terminal, Authority head Ayman Saleh tells Al Shorouk. Saleh doesn’t provide any clarity on the timeline for the agreement. We had reported in February that the Damietta Port Authority was in talks with a number of international lenders to secure a USD 305 mn loan to fund the container terminal project. PricewaterhouseCoopers had been tapped last year to conduct feasibility studies.

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