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TunisiaEgypt: EBRD finances 6th of October Dry Port under Green Cities programme
The European Bank for Reconstruction and Development (EBRD) is supporting the construction of the first inland dry port in Egypt, in 6th of October City, west of Cairo, with a €25 million loan to October Dry Port Company, a special-purpose vehicle established by a consortium of El Sewedy Electric, Schenker Egypt and SLP Logistics.
The development and construction of the 6th of October Dry Port is the first public-private partnership (PPP) project in the sector and the first under the EBRD Green Cities programme in Egypt.
Egypt’s first inland dry port will function as an extended gateway to the deep sea ports located in the northern and eastern regions of the country, thus supporting the existing port infrastructure and logistics market.
Once operational, the 6th of October Dry Port will contribute to a reduction in road congestion, accidents and CO2 emissions by transferring some of the container traffic from road to rail.
Egypt is a founding member of the EBRD. Since the start of the Bank’s operations there in 2012, the EBRD has invested more than €7.7 billion in 132 projects in the country.
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