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Thursday, 30 January 2020

Elsewedy-Schenker-3A consortium awarded contract to build Egypt’s 6 October dry port

CABINET WATCH- Elsewedy-Schenker-3A consortium awarded Sixth of October dry port tender: A consortium of Elsewedy Electric, Schenker Egypt, and 3A International the contract to build the planned USD 100 mn Sixth of October dry port, Al Mal reports, quoting Transport Minister Kamel El Wazir said. El Wazir’s statements came following an official statement saying cabinet had agreed to award the contract to an unnamed consortium during its weekly meeting. The Elsewedy-led consortium was competing with another comprising Malaysia’s PSA and India’s Concorde.

Background: The 100-feddan dry port will be able to handle 720k cargo containers a year. It will comprise cargo zones, customs clearance offices, and multipurpose storage facilities linked to key seaports, and will be developed under a public-private partnership framework.

Also approved in yesterday’s cabinet meeting:

  • A contract with supplier We Can, which is part-owned by the Tahya Misr fund, to purchase EGP 62.4 mn-worth of medicine used to treat tumors for public health bodies;
  • A settlement agreement signed between the Suez Canal Economic Zone (SCZone) and each of DP World, Amiral Egyptian Petroleum Services, and Sonker Bunkering Company. The settlement is related to a 2017 contract to manage a liquid bulk terminal at Ain Sokhna Port;
  • An agreement the SCZone signed last month with a consortium led by Japan’s Toyota Tsusho to build a roll-on roll-off vehicle terminal at East Port Said; and
  • Amending the ownership structure of a company that will be set up to manage the planned monorails to double the Finance Ministry’s stake to 40% and reduce the National Authority For Tunnels’ stake to 5% from 25%.

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