• Home
  • News
  • Egypt transport minister: infrastructure investments of development in Suez Canal corridor is about 15 milliard dollar
  • 2015 September 30 14:10

    Egypt transport minister: infrastructure investments of development in Suez Canal corridor is about 15 milliard dollar

    Transport minister has pointed out that the government has pumped 800million dollar investments in East Port Said port since its establishment; including the establishment of a berth for containers, roads and bridges, electricity terminals and sanitary drainage. He also pointed out that infrastructure investments in the development corridor is about 15milliard dollar, and added that making such a subsidiary canal of East Port said puts the port on the global map of trade traffic, Maritime Transport Sector said in its press release.

    He added that the Suez Canal 6 tunnels will fulfill permanent development of Sinai, where it will be linked with the Delta and the native country specially that its length reaches 9.5m km whereas dredging quantity is about million cubic meters compared with 500 million cubic meters for new Suez Canal and width 250m.

    He also pointed out that East Port Said navigational channel is of depth reaching 10m and the dredgers is deepening it up to 17m to accommodate giant containers vessels of more than 15 thousand container and is of draught 15.25 m. He noted that there would be an increase in rate of container handling in East Port Said terminal from 304 million containers to 5.5 million containers by the year 2017.This rate expected to reach 8million container once the second container terminal established at East Port Said and starts to work by the year 2020. This besides the operation of liquid bulk terminal next April.

    Dahi has also declared that East Port Said port is located at the northern entrance of Suez Canal eastern branch (intersection of the three continents Africa, Asia and Europe). The port’s area reaches 35km2 as it is bordered by the Mediterranean from the north with length3k, from the south the industrial region of an area 78km, from the East ElMellaha Lake with a length of 11k and from the west the eastern branch of the Suez Canal of length 10km. It occupies third rank at the Mediterranean and considered one of the projects that will have a vital role in international trade traffic in the coming years after the establishment of the infrastructure projects.

    Dahi continued that the general plan undergone by “Dar Elhandasa” has divided Suez Canal developmental corridor into 3main regions: East Port Said, which depends on intermediate and light industries, the second at kantara in Ismailia depending on foodstuff and textile industries and the third at Sukhna for petrochemicals and heavy industries.

    He also stressed that studies have divided the Suez Canal developmental corridor projects into two sections. The first are projects to be undergone inside the port and estimated by 12 projects as follows: the establishment of a new container terminal, establishment of multi-purpose terminal and another one for bunkering vessels, docks for vessel repair in addition to ports’ security companies and other companies for IT, towage, pilotage, stevedoring and dredging and roro terminals.

    The second section represents projects to be held on the port’s hinterland where 8 types of projects are to be undergone as stevedoring general logistic services (unloading and towage of cargo in containers, bulk cargo storage, liquid cargo storage, general warehouses, reefers, distribution centers, light industries, comprehensive logistic services and the departments of quality, sorting, compiling, test, repair and re-usage.

    He pointed out that added value services have been taken into consideration at the port’s hinterland such as services of balance, waiting, Customs, trucks maintenance and repair, containers maintenance, cleaning services, bunkering, tractors hiring, information and communication, safety and security services also bureaus, hotels and restaurants.

    There are also national projects undergone by the government in developing the western coast, Golden Triangle project, grains’ project, at Port Said, pointing out that the new Suez Canal has granted a new investment opportunity.




2022 May 27

18:37 First steel cut at Flensburger Schiffbau-Gesellschaft for SeaRoad’s newbuild ro-ro vessel
18:07 Houlder collaborates on autonomous vessel project with Maritime and Coastguard Agency
17:50 IAA PortNews’ summary of previous week news
17:37 Siemens to build one of Europe’s largest shore power connections in Kiel
17:34 Any new investments in fossil fuels is “moral and economic madness” - Ship It Zero
17:29 HII’s Newport News Shipbuilding to hire thousands this year to meet the shipbuilding needs of the Navy
17:16 Russian crude exports remain high - Vortexa
17:06 Member approval of North and Standard Club merger
16:47 China’s top oil trader hires more tankers to ship Russian crude - Bloomberg
16:28 USCG assists 2 aboard disabled sailing vessel off Galveston
14:43 U.S. scrubber barge propelled by SCHOTTEL
14:22 Austal Australia delivers 15th Guardian Class Patrol Boat
13:44 The Port of Tallinn and the Port of Gdynia sign a letter of intent on cooperation in the field of hydrogen management
13:02 U.S. and French Navy ships to visit Helsinki
12:40 Special Economic Zone ‘Ust-Luga’ established in the Leningrad Region
12:12 Three Saudi ports hit world records on CPPI 2021
11:35 Kostroma Plant of Marine Equipment delivers survey ship of Project 3330
11:12 Shipbuilding, Ship Repair Corporation launches yet another non-self-propelled dredger of Project 4395
10:24 Enauta’s FPSO Atlanta to be operated to ABS Class
10:07 Arkhangelsk based Association “Sozvezdye” supports Ship Repair, Modernization and Components Conference
09:38 Transmashholding and Sinara can design an engine for large ships – Yury Borisov
09:11 Crude oil futures decrease after a recent growth
08:52 MABUX: Bunker prices may continue to rise on May 27

2022 May 26

18:06 Russian Maritime Register of Shipping introduces ship’s carbon intensity calculation tool
17:54 Port Bronka continues talks with Belarussian companies on shipment of cargoes
17:29 Construction of new container ship for North-South transport corridor to take 14 months – USC President
17:06 Boskalis receives approval for sale KST and Maju to Rimorchiatori Mediterrane
16:48 Russian Maritime Register of Shipping develops alternative fuels requirements
16:18 Trade turnover between Saint-Petersburg and LAC can double to $5 billion amid EU sanctions
16:05 Antwerp to host The Tall Ships Races 2022 from Friday 22 to Monday 25 July
15:26 Vympel Shipyard launches Hydrographic Survey Vessel Yakov Lapushkin, Project 19910
15:04 Ardmore Shipping joins the All Aboard Alliance
15:00 Petronas LNG receives a new W-MAX Class LNG carrier
14:52 Second exchange area of the Vado Gateway Container Terminal now operational
14:03 ABP signs new concrete and aggregate partnership
13:55 Alexeev’s Hydrofoil Design Bureau laid down the fifth passenger hydrofoil Meteor 120R and launched the second one
13:14 Elogen partners with Valmax in Korea for the production of green hydrogen
13:12 Cherepovets shipyard launches its first vessel
12:31 NYK and PowerX form capital and business alliance
12:10 LR and partners unveil 'Silk Alliance' green corridor project
12:04 Nuclear-powered containership “Sevmorput” delivered 2,200 tonnes of cargo to Murmansk
11:35 Crowley inaugurates LNG facility in Peñuelas, Puerto Rico
10:23 Milaha announces resignation of President and CEO
10:09 Another batch of commercial cargo delivered from Novorossiysk to Tartus by Oboronlogistics' Sparta II
09:56 Palantir and Trafigura announce collaboration to deliver supply chain carbon emissions platform to market
09:17 Crude oil futures continue rising on US Department of Energy data
08:55 MABUX: Bunker prices may increase on May 26

2022 May 25

18:15 Maersk Supply Service wins long-term marine services contract in Angola
17:58 The first ship with Ukrainian ore left the port of Swinoujscie
17:34 Methanol exports from Russia expected to surge six-fold by 2030
16:58 Krasnoye Sormovo shipyard launches sixth dry cargo carrier of Project RSD59
16:43 Global insurers take $1.3B in losses from the Russia's operation in Ukraine in Q1 - S&P Global Market Intelligence
16:35 Aker Solutions to provide subsea production system for the Halten East development
16:35 Maran Gas extends Optimised Maintenance Agreement with Wärtsilä by an additional five years
16:13 Middle East container ports are the most efficient in the world
16:03 OBE Organic collaborates with Maersk on sustainable ECO Delivery
15:35 Saudi ports record 24.28% increase in cargo throughput volumes in April 2022
15:04 Equinor exits all JV in Russia
14:34 WIND lands the cable storage for TenneT’s Dutch and German offshore grid connection systems
14:06 Eastern Pacific Shipping receives first of six VLECs powered by ethane