CAIRO, Sept 6 , 2018 (MENA) – The Transport Ministry has announced the establishment of a joint-stock company for the management of multi-purpose stations as per the new investment law no.72 of 2017 and its regulations and the companies law no. 159 of 1981 and its regulations. The Alexandrian-based company is tasked with constructing and running multi-purpose stations to handle containers and general cargo in eight docks at Alexandria port, Transport Minister Hesham Arafat said in a statement on Thursday. The company's authorised capital stands at LE 500 million and is divided among the Alexandria Port Authority (34%), the Suez Canal Authority (33%) and the Holding Company for Maritime and Land Transport (33%), he added. Alexandria Port Authority will have the right to run the company, he noted. For his part, Chairman of Alexandria Port Authority Medhat Attia said that preparations are under way to put forward the project of multi-purpose stations to experienced global consulting firms to prepare the tender specifications for selecting the project's consultant, the contractor and the station operator. Each 560,000-square-meter station has a capacity of 15 to 18 million tonnes. And, it can simultaneously receive six ships.
