The 10th of Ramadan dry port and logistics center project in Egypt is set to benefit from a US$ 1.2m grant that will be provide by the European Bank for Reconstruction and Development (EBRD) following a funding agreement signed between the international financial institution and the Egyptian General Authority for Land and Dry Ports.
The funds will go towards the provision of advisory services for the launch of the project, with the participation of the private sector in an international tender, provided that it includes pre-qualification of alliances to enter the tender, and preparation of the conditions book Contract preparation.
A 250 acres piece of land, according to Kamel Al-Wazir whose the North African Country’s minister of transport, has already been identified for the establishment of the 10th of Ramadan dry port and logistics center.
“The site is has been divided into two areas. The first zone, with an area of 190 acres is designated for the construction of the dry port, while the second zone, with an area of 60 acres is designated for the establishment of the logistic center, “he explained.
The objective of the infrastructure
According to the EBRD, the proposed 10th of Ramadan dry port and logistics center aims to upgrade the efficiency of Egypt’s transport infrastructure by reducing congestion at seaports and creating the conditions for accelerated customs processes and procedures.
“Facilitating trade in this way will contribute to an increase in the competitiveness of local producers, which will help accelerate sustainable economic growth and create employment opportunities for Egyptians,” noted the international financial institution.
This project is part of the North African Country’s transport master plan that recommends the development of an inter-modal corridor extending from the city of Alexandria on the Mediterranean coast to El-Sokhna on the Red Sea coast.