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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.
This picture taken on Nov. 17, 2019, shows the Hong Kong-flagged container ship CSCL STAR sailing through Egypt's Suez Canal.

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.

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