Damietta Container Terminal expansion, Egypt
Name and location
Damietta Container Terminal expansion, Egypt.
Project description
The project comprises the construction of quay walls; the dredging of the access channel and turning basin; the installation of modern transshipment equipment; and the development of the terminal area and container yard.
Value
The project will be financed with a $200-million equity from the sponsors and a $480-million senior debt provided by the African Development Bank (AfDB) and two leading Middle East commercial banks, Ahli United Bank (AUB) and Arab Banking Corporation (ABC).
Duration
Not stated.
Breakdown of main contracts
Not stated.
Client
Damietta Container Terminal.
Latest developments
None stated.
Participants
AfDB, AUB, ABC (project finance).
Construction materials
Not stated.
On budget and on time?
Not stated.
Contact details for project information
Damietta Container Terminal public relations, tel +965 482 7804 or fax +965 482 780.
AfDB, Yolanda Nunes Correia,
tel +216 71 10 31 58
or email ynunes-correia@afdb.org.
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