European Bank for Reconstruction and Development supports new dry port development in Egypt

February 15, 2021
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The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a dry port and logistics centre in 10th of Ramadan City, Egypt, with a €1 million contribution to project preparation and procurement. The city was founded in the 1970s in close vicinity to the capital Cairo and is one of the most industrialised municipalities in the country.

The new dry port is expected to improve the efficiency of Egypt’s transport infrastructure by reducing congestion at seaports and creating the conditions for accelerated customs processes and procedures. Facilitating trade will contribute to an increase in the competitiveness of local producers, which will help accelerate sustainable economic growth and create employment opportunities.

Dry ports are inland intermodal terminals directly connected by road or rail to a seaport, operating as centres for the shipment of sea cargo to inland destinations. Egypt’s latest transport master plan calls for the development of nine dry port and logistics centres throughout the country under public-private partnership (PPP) structures.

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.

 

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Press Release

European Bank for Reconstruction and Development (EBRD)

Countries covered:

  • Egypt