Cairo – Mubasher: The Egyptian minister of transportation’s consultant for maritime and river transport Mostafa El Deeb said that decreasing charges for Egyptian ports services will surge ports’ revenues by 30% to 40%.
This decision aims to keep up the competition with the global ports that started to attract ships due to the provided incentives, El Deeb added in a broadcast call to BBC TV.
El Deeb stated that the decrease is unconsolidated, but that it matches the size of each ship and the return of the Suez Canal.
On 16 August 2017, the minister of transportation Hisham Arafat announced dropping the fees of marine services by 50% to be compatible with the trading volume in transit ports.
The charges will be collected through one bill that involves all the accumulated rights to the country’s authorities including the Ministry of Transportation, the Suez Canal Economic Zone (SCZone), the Suez Canal Authority, the Ministry of Finance (MoF), the Ministry of Interior, and the Ministry of Health and Population.
The minister said that this decision will also be applied on the Egyptian ships working on local ports trading more than 200 containers per voyage, noting that this decrease will be granted on ports’ charges.
