Damietta Alliance Container Terminal

Damietta Alliance Container Terminal signs final financing contract

The Damietta Alliance Container Terminal (DACT) has signed the final financing contract for its box terminal in Damietta, Egypt.

The financing consortium comprises international development banks including European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), Asian Infrastructure Investment Bank (AIIB), DEG and Proparco.

The joint venture, Damietta Alliance Container Terminal S.A.E., consists of the following shareholders:

  • Hapag-Lloyd Damietta GmbH (39%)

https://container-news.com/damietta-alliance-container-terminal-signs-final-financing-contract/

Hapag-Lloyd proceeds with new container transshipment hub in Egypt

Hapag Lloyd’s transshipment terminal with an annual throughput capacity of 3.3 million TEUs is under construction in Damietta, Egypt.

Plans call for the completion of construction by the second half of 2024 and ramp-up of operations by 2025.

Hapag-Lloyd said the purpose of the construction is to give more advantages to the company and its customers in Egypt.

The terminal will be equipped with 50 state-of-the-art rubber-tyred gantry cranes (RTGs), half of which will be powered by electricity, as...

https://container-news.com/hapag-lloyd-proceeds-with-new-container-transshipment-hub-in-egypt/

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