Madbouly testifies to the Damietta port agreement, the Eurojet Germany alliance and Kon

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Tuesday 10 May 2022

Books – Muhammad Ghayat:

Prime Minister Dr. Mostafa Madbouly, in the presence of Lieutenant-General Kamel Al-Wazir, Minister of Transport, witnessed the signing ceremony of a commitment agreement to build and develop, use, manage, operate, exploit, maintain the superstructure to hold and re-deliver the second container terminal “Tahya Misr 1”, in Damietta Port, between the Damietta Port Authority, on the one hand, and the Damietta Container Terminal Company, (a consortium of “Eurojet Germany”) , “Conchip Italy”, and “Hapag Lloyd” for international shipping companies), on the other hand.

The signing was attended by the Italian Ambassador to Cairo and the German Deputy Ambassador to Cairo.

The agreement was signed on the one hand by Major General Ahmed Hawash, Chairman of the Damietta Port Authority, and on the other hand by Thomas Eckelmann, Chairman of Eurojet, Cecilia Eckelmann, Chairman of Conchip Italia, and Juan Pablo, Regional President of Hapag Lloyd.

Under the agreement, berths for the terminal will be implemented with a length of 1970 m, and a depth of up to 18 m, while its backyard is 910 000 m2, and its capacity is 4.5 million TEUs. infrastructure is currently being completed by the Damietta Port Authority at an estimated cost.With £ 4.5 billion by the (Arab Contractors-Arcrodon) consortium, it is planned to be completed next December.

Following the signing, the Prime Minister praised the efforts made by the various parties involved during the negotiations, which resulted in the signing of this important agreement, which comes within the framework of the state’s interest in making Egypt a center for global trade, and emphasizes the government’s zeal to provide all aspects of support and various facilities to the private sector. And investors, whether domestic or foreign, in a way that contributes to attracting more investment and promoting the participation and contribution of this crucial sector in the various aspects of development. place at the level of the Republic.

After the signing, the Minister of Transport indicated that this signing comes within the framework of President Abdel Fattah El-Sisi’s directives to make Egypt a global center for trade and logistics, partnering with the international and Egyptian private sector in major national projects. encourage, and attract international shipping companies to Egyptian ports, and add that this signing The product is of marathon negotiations with the alliance, which is the largest global alliance in the field of management and operation of shipping companies and international container terminals, which ( Eurojet Alliance Germany – Hapag Lloyd Shipping Line – Conchip Italy).

The Minister of Transport said that all negotiations and project procedures had taken place in the light of absolute transparency, and a thorough review had been carried out by all parties for a period of two years. .

The minister explained that this alliance is the strongest in the eastern Mediterranean as it will transform the Egyptian facility in Damietta into the largest transit and logistics center in the region, adding that given the confidence of the Egyptian administration in the alliance , it decided to inject almost half a billion dollars in investments for the first phase once the contract was signed, despite the difficult economic conditions the world is going through.

The first phase is the establishment of the “Tahya Misr” container terminal, which is intended to receive the sixth generation of container ships. The international operator “Eurojet” – the operator of the port of Hamburg – will manage and operate the container terminal “Tahya Misr” 1 “, which increases the competitiveness of Damietta Port, and prevents Shipping companies from fleeing to competing ports in the eastern Mediterranean due to the quality of services provided in competitive ports.

The Minister of Transport added that the project would transform Damietta Port into a center for transit containers for the German shipping company, by the third year of operation, and reach Damietta Port to handle 4.7 million TEUs instead of the current 1.2 million TEUs. The project is expected to generate up to $ 3.364 billion in revenue for the Egyptian state within 30 years, providing and creating 1,000 direct and indirect jobs. The project also includes the transfer of the expertise and skills of the foreign operator in the field of (management) and industry – maintenance – marketing).

The Minister has revealed that the new Terminal 2 in Damietta Harbor is expected to be operational by early 2024, and its final total operating capacity will reach 3.5 million TEUs, and it will serve as a strategic transportation hub dedicated to Hapag Lloyd in the eastern Mediterranean.

Lieutenant General Kamel El-Wazir explained that the project is the first phase of the Damietta integrated logistics hub project for containers, the second phase of which will start by 2025, and is represented in the establishment of a logistics hub of the “Tahya Misr “” station to the manufacturing centers in the Republic via railways, and that In order to facilitate the heavy transport movement on the roads, points out that the proposed project includes the establishment of an integrated system for multimodal transport, which includes the container terminal “Tahya Misr- include. 1 “in Damietta Port, which will be connected to one of the dry ports or logistics centers on the railways, and the application of the latest systems in the field of information technology to fully manage this system, and this project comes as a very important step in Egypt’s path towards achieving its comprehensive political vision, which strives to become one of the most important countries in the field of maritime transport in the Middle East and the world.

It is noteworthy that Eurojet Germany, in partnership with Conchip Italia, is one of the largest and leading independent container terminal operators in Europe and the Mediterranean. The group operates a network of container terminals at 12 locations from the North Sea coast to the Mediterranean. region, in addition to container handling services. In seaports, the group provides, in addition to the management and operation of container terminals, value-added multimodal transport services and logistics centers. The Hapag-Lloyd shipping company owns a fleet of 253 modern container vessels and a total transport capacity of 1.8 million TEUs. TEUs, including one of the largest and most modern fleet of coolers, 126 line services worldwide provide fast and reliable connections With more than 600 outlets on all continents, it is one of the leaders in transatlantic trade, the Middle East and the Americas.

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