Egypt detects 818 new coronavirus infections; 42 deaths on Monday    Tatweer Misr signs EGP 3.2bn worth investment contracts for Bloomfields educational zone    Egypt prepares for launching its 1st mobile notary public    Water wars    The endangered River Nile    Egypt highlights anti-climate change efforts during Spring Meetings    GERD: All options open    Don't miss AUC's Lions of Cairo ensemble concert    Egypt's external debt increases to $129.2bn in 2020: CBE    Prominent American rapper and actor DMX dies at 50    Tehran vows revenge    Al-Sisi, Lavrov address bilateral cooperation, Ethiopia's disputed dam    Narrative Summit launches 1st episode of Reshaping Norms 2021    Russia offers technical assistance in Nile dam negotiation: Lavrov    2021 Copenhagen Documentary Festival to launch Big Digital Live Platform    Paris to launch first int'l modern and contemporary art fair dedicated to Middle East, North Africa    Syrian air force may have dropped chlorine bomb on town in rebel area in 2018: Chemical arms watchdog    Egyptian artists honoured at Cairo Opera House for taking part in Golden Parade    Lebanese minister expands claim in maritime area dispute with Israel    Abu Dhabi's ADNOC, Dutch-listed OCI weigh IPO of fertiliser joint venture: sources    Karnak Int'l hospital in Luxor to turn into key medical tourism destination in Egypt: Health minister    IMF increases its expectations for MENA economy to 4% in 2021    Russian FM says Egypt is main partner in Middle East, Africa    Macro Group delays Egypt IPO plans    Hotels in Egypt open at half capacity, have 40-45% occupancy rates in Q1    Bayern Munich, Liverpool needing comebacks to reach CL semifinals    Borussia Dortmund's Sancho back in training before City clash    Australia abandons COVID-19 vaccination targets after new advice on AstraZeneca shots    Cleopatra Hospitals, Nahda University sign EGP 7.4m MoU for joint scholarship programme    Egyptian-African Relations Committee discusses strengthening Egypt's stance in Africa    Egypt will not allow internal water crisis due to Ethiopian dam: Water Minister    Egypt's Public Prosecution announces results of investigations into Sohag train crash    Egypt's Trezeguet injury worries Aston Villa Coach Dean Smith    Egypt's hotels, open at half capacity, had 40%-45% occupancy rate in Q1 2021: official    Egypt sees an uptick in new coronavirus infections registers 801 new cases on Saturday    Bibliotheca Alexandrina launches hieroglyphics programme for primary school teachers    Ethiopia invites Egypt, Sudan to nominate operators in data exchange on GERD's 2nd filling    PMI moves towards a smoke-free transformation, takes part in a webinar on e-cigarettes    Zamalek's Shikabala nominated for best goal in CAF Champions League    Egypt's national youth fencing team achieves world glory    Karate Federation celebrates success of Egypt Cup    Egypt's President warns of grave consequences of water crises in Africa    Allianz Egypt partners with IGNITE to equip brand ambassadors for 2021 Olympics    Hassan Allam consortium wins contract to manage, operate Grand Egyptian Museum    Enhanced Labs signs Mr. Olympia 2020 "Big Ramy" And His Trainer Dennis James    King Tutankhamun funerary mask is must-see tourist icon: The Telegraph    Seasoned Egyptian screenwriter Wahid Hamed dies at 76    Egypt, Ethiopia, Sudan to resume Nile dam talks today    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





EBRD provides Egypt with €1 mln contribution to build dry port, logistics centre in 10th of Ramadan City
Published in Ahram Online on 10 - 02 - 2021

The European Bank for Reconstruction and Development (EBRD) has announced that it provided Egypt with a €1 million contribution for the construction of a dry port and logistics centre in 10th of Ramadan City.
The sum will be used in the preparation and execution of the project, EBRD said on Wednesday.
The new dry port is aims to upgrade the efficiency of Egypt's transport infrastructure by reducing congestion at seaports and creating the conditions for accelerated customs processes and procedures, according to the EBRD.
It also added that facilitating trade in this way will contribute to an increase in the competitiveness of local producers, which will help accelerate sustainable economic growth and create employment opportunities.
The project is part of Egypt's transport master plan, which recommends the development of an intermodal corridor extending from Alexandria on the Mediterranean coast to El-Sokhna on the Red Sea coast.
The bank said that infrastructure development is one of the strategic priorities of the EBRD and one of the pillars of its business activities.
“We are very proud to support the preparation of sustainable infrastructure in Egypt to be implemented and financed by the private sector. The dry port in 10th of Ramadan City is the second in Egypt to receive funds from the Bank's Infrastructure Project Preparation Facility which demonstrates our commitment to this approach,” said Heike Harmgart, the EBRD's managing director for the southern and eastern Mediterranean region.
10th of Ramadan City was founded in the 1970s in close vicinity to the capital Cairo, and is one of the most industrialised municipalities in the country.
“As a country with a growing population and economy, Egypt needs urgent investment in its infrastructure capacity to alleviate the pressure on existing ports, shipment points and trade centres. New facilities are required to reduce congestion, allow for a better distribution of goods and let trade flow freely,” according to the EBRD.
Egypt is a founding member of the EBRD. Since the start of the bank's operations there in 2012, the EBRD has invested over €7 billion in 127 projects in the country.


Clic here to read the story from its source.