Tahya Misr Multi-Purpose Terminal

Objective

"""The terminal is a giant economic project that raises the rank of the port of Alexandria and contributes to placing Egypt among the countries that own ports with modern global performance."" - Presidency website "" the terminal is expected to boost the port’s annual revenues by $50 million, shorten waiting times for ships docking at the port, create investment opportunities, and establish 4,500 direct and indirect job opportunities. Moreover, the terminal will play a vital role in Egypt’s modern transport sector as a key linking chain in the upcoming $4.45 billion high-speed electric rail line, which will link the Red Sea Port of Ain Sokhna to the Mediterranean Ports of Alexandria and Marsa Matrouh. The terminal will also supply the dry port on the 6th of October Industrial City and the logistics center associated with the Alexandria Port."" - SIS"

Description

Transforming the capabilities of Alexandria port through this terminal with high-end equipment to accommodate new generation giant vessels, and contains 400,000 sqm trading yards, a capabitlity of handling 12-15 million tons of goods annually and receiving 6-7 large container ships simultaneously. The terminal's berther are 2,530 meters long and allow them to accomodate ships with maximum depth 17.5 meters. The terminal also houses other facilities related to training of workers and workshops for maintenance as well as other admin buildings.

History

"Linkages to other corridors: Moreover, the terminal will play a vital role in Egypt’s modern transport sector as a key linking chain in the upcoming $4.45 billion high-speed electric rail line, which will link the Red Sea Port of Ain Sokhna to the Mediterranean Ports of Alexandria and Marsa Matrouh. The terminal will also supply the dry port on the 6th of October Industrial City and the logistics center associated with the Alexandria Port. (Quoted from SIS source)". It was financed using 100% Egyptian capital, split between direct equity investments from state entities and a massive syndicated loan package from local commercial banks.

Finance