Three consortiums including the first led by logistics solutions provider Container Corp. of India Ltd. (CONCOR) with Egyptian construction engineering company Hassan Allam Holding and Singaporean port operator PSA International Pte Ltd. are competing to construct a dry port west of Cairo worth $100 million.
UAE's DP World leads the second consortium with Egypt's Holding Company for Maritime and Land Transport SAE. The third consortium is led by Elsewedy Electric with Schenker Egypt and freight forwarding company 3A International.
The scheme, a public-private partnership between the General Authority For Ports and Dry Land and the winning consortium, will be built on about 104 acres in 6th of October City.
The facility will be built as a port for customs clearance of containers handled through the Alexandria and Dekheila ports, which will contribute to easing container traffic. The agreement will last up to 30 years, after which the port will be owned by the state.