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Contship And Eurogate Sign Up For Damietta Port Logistics Project

Contship and Eurogate sign up for Damietta port logistics project

Contship And Eurogate Sign Up For Damietta Port Logistics Project

Damietta, Egypt (PortSEurope) September 16, 2019 – European terminal operators Contship and Eurogate have signed a memorandum of understanding (MoU) with Damietta Port Authority to establish a local logistics system, involving the construction of a container terminal, a railway line, a dry port and a distribution area of ​​the goods.

The investment foreseen by the first phase of the project amounts to €750 million ($830.9 million). The local Ministry of Transport hopes that the new logistics facilities will boost exports of Egyptian products, with improved connections with the hinterland.

A feasibility study is scheduled to be completed in four months with the target of having an operational facility be end-2022.

Milan-based Contship Italia S.p.A., through its subsidiaries, provides marine terminal, intermodal transport, and container logistic solutions worldwide. It is part of EUROKAI GmbH & Co. KGaA via a direct holding and Eurogate GmbH & Co. KGaA, KG, also a EUROKAI company.

Eurogate GmbH & Co. KGaA, KG is one of Europe’s largest shipping company, independent container terminal operators and logistics group based in Bremen, Germany.

Source: Masrawy

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