Egypt-Chinese consortium to run terminals in Red Sea, Mediterranean ports
The Egyptian government signed new concessions with a Chinese alliance to build and operate two world-class container terminals in the ports of Sokhna and Dekhila, as part of a container logistics project to link the Red and Mediterranean seas.
The Egyptian government agreed on Aug. 11 to implement the first phase of the project to construct the Sokhna-Dekhila axis, an integrated container logistics project that links the Red and Mediterranean seas. The project will be executed by Hong Kong-based port operator Hutchison Ports. Giant shipping companies CMA CGM, MSC and COSCO are also part of this project as co-investors.
Marking the event, a signing ceremony was hosted by Egyptian Prime Minister Mustafa Madbouly in Cairo. The project consists of the construction of the superstructure, management, operation, exploitation, maintenance and re-delivery of container terminals at the Sokhna and Dekhila ports.
