The agreement includes the construction and development of the superstructure, the use, management, operation, exploitation, maintenance and re-delivery of the second container terminal “Tahya Misr 1” in Damietta Harbor.
Minister of Transport: The project is the first of its kind in the history of the maritime transport and logistics industry in Egypt. The largest European global navigation alliance is pumping investments worth half a billion dollars for the first phase of the project, with confidence in the Egyptian administration and the strength of the Egyptian economy
Egypt makes great strides as a global center for trade and logistics, in implementing the precepts of His Excellency President Abdel Fattah El-Sisi
The project is a major Egyptian step in the global trade arena and creates more than 1,000 direct and indirect jobs
Signed in implementation of the prescriptions of the political leadership to encourage partnership with the international and Egyptian private sector in major national projects and to attract international shipping companies to Egyptian ports
The project is the first phase of the Damietta integrated logistics hub for container project, the second phase of which will include the construction of a logistics hub from (Tahya Misr) station to the manufacturing centers in the Republic via railways
Prime Minister Mostafa Madbouly witnessed, in the presence of Lieutenant-General Kamel El Wazir, Minister of Transport, the signing ceremony of a commitment agreement to build, develop, use, manage, operate, exploit, in maintain and deliver again. container terminal “Long live Egypt 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 also 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 Board of Directors of the Damietta Port Authority, and, on the other hand, Thomas Eckelman, Chairman of Eurojet, Cecilia Eckelman, 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.
After 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. Emphasizes the Government’s zeal to provide all aspects of support and various facilities to the private sector and investors, whether domestic or foreign, which contribute to attracting more investment and pushing the participation and contribution of this crucial sector in the various aspects of development taking place at the level of the Republic.
After the signing, the Minister of Transport indicated that this signing falls within the framework of the directives of President Abdel Fattah El-Sisi, the President of the Republic, to make Egypt a global center for trade and logistics, partnership with the international and Egyptian private sector in major national projects, attracting global shipping companies to Egyptian ports, adding that this The signing is the result 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. terminal, which is (Eurojet Alliance Germany – Hapag Lloyd Shipping Line – Conchip Italy).
The Minister of Transport confirmed that all negotiations and project procedures had taken place in the light of absolute transparency, and careful 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 due to the confidence of the Egyptian administration in the alliance, it decided to inject investments of nearly half a billion dollars 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 a container terminal (Tahya Misr), 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 competitive ports in the eastern Mediterranean due to the quality of services provided in competitive ports.
The Minister of Transport added that the project would bring about the transformation of Damietta Port into a transit container center for the German ship’s speech by the third year of operation, reaching Damietta Port to handle 4.7 million TEUs instead of the current 1 , 2 million TEUs, and that the project is expected to generate revenue for the Egyptian state to $ 3.364 billion 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, with a final total operating capacity of 3.5 million TEUs, and will serve as a strategic transportation hub dedicated to Hapag-Lloyd in the eastern Mediterranean.
Lieutenant-General Kamel Al-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 (Tahya Misr ) station to the manufacturing centers in the Republic via railways, in order to facilitate Heavy transport on roads, and points out that the proposed project includes the establishment of an integrated system for multimodal transport, which includes the container terminal “Tahya Misr-1”. Damietta Port, which will be linked to one of the dry ports or logistics centers on the railways, and the application of the latest systems in the field of technology This project comes as a very important step in Egypt’s path to its comprehensive political vision to strive to become one of the most important maritime transport countries in the Middle East and the world.
It is noteworthy that Eurojet Germany, in partnership with Konship 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 handling services Containers in seaports, in addition to the management and operation of container terminals, the group provides multimodal transport services and logistics centers with added value, and the shipping company “Hapag-Lloyd” owns a fleet of 253 modern container vessels and ‘ a total transport capacity of 1.8 million TEUs. One of the world’s leading sea freight companies, with 421 offices in 137 countries, a container fleet of approximately 3.1 million TEUs, including one of the largest and most modern fleet of refrigerated containers, and 126 shipping services worldwide. Trusted by more than 600 outlets on all continents, it is one of the leaders in the trans-Atlantic trade routes, the Middle East and the Americas.