Mubasher: The Egyptian government has conducted an investor roadshow in London for the 6th of October Dry Port project, which is carried out through public-private partnerships (PPP).
The initiative is carried out with the cooperation of the European Bank for Reconstruction and Development (EBRD) to support infrastructure development.
Egypt’s first inland port is the largest logistics centre in the Greater Cairo region, and it spans over an area of nearly 100 acres.
The dry port facility will include 13 specialised zones to receive and store containers, liquid and dry bulk cargo, multipurpose storage warehouses, an administrative area and customs offices, as well as an additional 300 acres for the logistics centre.
The preparation of the project has been funded by the EBRD Infrastructure Project Preparation Facility (IPPF), with an advisory team led by Mazars, with legal support from Allen and Overy, and Sarie-Eldin and Partners, according to a statement issued on Friday.
Technical support is provided by Infralinx, iMC, Rendel, and Mena Rail.
The additional investment needed is estimated to be between $1 and 1.5 trillion annually over the next 15 years.
