The General Authority for the Suez Canal Economic Zone (SCZone) celebrated the announcement of the concession contract for Container Terminal No. 2 in East Port Said Port, which will be operated by the Suez Canal Container Terminal (SCCT).
The contract includes financing, design, establishment, management, operation, maintenance, and re-delivery of the Container Terminal (2) with the B.O.T system, The contract aims of providing the port with infrastructure for strategic projects, including this terminal as a major activity required in the port.
“We celebrated the achievement of East Port Said Port by reaching the 10th rank globally in the field of container handling for 2022, as stated in the World Bank report. The port receives nearly 80 per cent of the total container transit trade in Egypt. We also celebrated President’s ratification of the contract of concession of Containers Terminal No. 2 for the Suez Canal Container Terminal Company (SCCT), which is one of the most important success partners to SCZone. The project will be on an area of 511 thousand metres with a berth length of 955 metres,” Chairman of SCZone Waleed Gamal El-Din said.
“We appreciate the strong collaboration between the Egyptian government represented by SCZone, SCA, the governor, and all governmental authorities, and SCCT to develop a world-class terminal in Port Said and encourage more investment in Egypt through Maersk group,” said Steven Yoogalingam, Chairman of the Board of Directors of the Suez Canal Container Terminal Company.
“We co-operate through a rooted win-win mindset to create good jobs, catalysts for supporting business activities, and contributions to local Community welfare (CSR),” Yoogalingam said.
SCZONE’s directors approved this project in September 2022. The contract was signed on the sidelines of the COP27 in Sharm el-Sheikh, last November. President Abdel Fattah El Sisi signed the law of the concession for Container Terminal 2 in East Port Said Port this month.