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Wednesday, 26 September 2018

Alex Port to issue “within days” tenders for consultancy, development, and management of USD 450 mn multipurpose platform

Alex Port to issue “within days” tenders for advisors on USD 450 mn multipurpose platform: The Alexandria Port Authority (APA) will issue “within days” a number of global tenders for a consultant, developer, and operator for its USD 450 multipurpose platform, APA boss Medhat Attiya tells Al Mal. The JV between APA and the Suez Canal Economic Authority and Land and Maritime Transport Holding Company will be overseeing work on the facility and other projects in neighboring platforms around the Alex Port, according to Attiya. The new company will also focus a large portion of its efforts on increasing capacity for container and cargo handling to 1.25 mn tonnes a year.

Background: The JV was formed to oversee the building of the platform, previously a zombie project from the 2015 Egypt Economic Development Conference, after negotiations with China Harbour, which was originally meant to take on the project, reached a dead end.

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