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Eurogate group signs for Damietta

Germany-based Eurogate and its affiliate Contship Italia have signed a MoU with Damietta Port Authority for a turnkey development

 

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Eurogate group signs for Damietta

The MoU covers a new deep sea container terminal, a railway line, dry port and distribution centre. Project first phase is estimated at €750M.

 

This will be Eurogate/Contship’s first imp/ex container terminal project in the Med, as the group’s Limassol and TangerMed concessions are aimed at transshipment.

 

The Egyptian Ministry of Transport envisages a strong boost for the exports through the new improved hinterland connections and DC/dry port activities. The container terminal should become operational by the end of 2022.

 

The MoU was signed by Cecilia Battistello-Eckelmann for Contship, Thomas Eckelmann for Eurogate and Egypt’s Minister for Transport Lt-Gen Kamel El-Wazir.

 

The existing container terminal, operated by state-owned Damietta Container & Cargo Handling Company, is capable of handling vessels up to 14,000 TEU.

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