Back to the complete issue
Sunday, 22 December 2019

Bolloré, Toyota and NYK sign a final contract to build a roll on roll off terminal at East Port Said

INVESTMENT WATCH- Toyota Tsusho-led consortium to build a USD 150 mn vehicle terminal in SCZone: The Suez Canal Economic Zone (SCZone) signed on Thursday a USD 150 mn contract with a consortium led by Japan’s Toyota Tsusho to build, operate, and transfer a roll-on roll-off vehicle terminal at East Port Said, according to a cabinet statement. The consortium, which also includes France’s Bolloré Transport & Logistics and Nippon Yusen Kaisha (NYK), will develop and run a 270k sqm terminal and 600 meter platform for the import, export, and transshipment of around 800k vehicles, SCZone CHairman Yehia Zaki said in the statement. The SCZone will receive an annual payment of USD 233 mn from the consortium, the statement noted. Reuters also has the story.

Background: The SCZone had signed an initial USD 220 mn agreement last year with the consortium to build the terminal under a build-operate-transfer framework. The final contracts were expected to be signed back in October 2018.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.