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Thursday, 3 June 2021

Nine PPP infrastructure projects get early approval

Nine proposed PPP infrastructure projects have been given preliminary approval by the cabinet, spokesperson Nader Saad said in a statement yesterday. Five of the proposed projects are a combination of dry ports and logistics centers, designed to reduce traffic through seaports and cut costs. This includes the Tenth of Ramadan dry port under a revenue-sharing agreement with some private players. A formal proposal for the latter project will be presented to the Cabinet during its upcoming meeting, Saad said. The projects also include new dry ports in Beni Suef, Sadat City and Borg El Arab, a logistics zone alongside the Sixth of October dry port, an expansion of the Alexandria and Dekheila ports and a new cargo terminal at Safaga.

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