SERVICES

Egyptian ports not for sale

Cairo - The Egyptian Minister of Transport, Ibrahim El – Demeiry, has publicly stated that there are no plans to start privatisation of the nation’s ports.

Cairo - The Egyptian Minister of Transport, Ibrahim El – Demeiry, has publicly stated that there are no plans to start privatisation of the nation’s ports. Indeed, he stressed that the government wants to boost trade volumes at the ports from the current level of 120m tons to 270m tons. To achieve this, a national ports development plan has been put in place for the period up to 2050. In February, the Ministry of Transport allocated $9.6m to undertake major dredging work at the Port of Damietta, so that it can accommodate larger vessels.

One million cubic metres of material will be removed by June as part of an operation involving both Damietta Port Authority (DPA) and the Suez Canal Authority subsidiary Timsah Shipbuilding Company. The same ministry has also stressed its willingness to use the 4.5km long canal connecting Damietta to the Nile as a means of transporting cargo. Additionally, the National Company for Multimodal Transport (NMT), a subsidiary of Nile Logistics, launched a new container transshipment service in February. This makes use of river barges to move containers between box terminals at Port Said and Sharq Al-Tafrea on the Suez Canal.

(Source: Port Strategy)

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