EBRD, AfDB to partner with local banks to finance Dry Port project in Giza

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European Bank for Reconstruction and Development (EBRD), the African Development Bank (AfDB) and local banks in Egypt will finance 70% of the US$ 176 million dry Port of 6th of October project in Giza. EBRD will finance approximately 25 to 30% of investment while remaining investment will be financed by AfDB and other local banks. The preferred bidder Elsewedy-Schenker-3A consortium will finance the remaining 30% for the project.

Extending over an area of nearly 100 acres, the dry port facility will include 13 specialized zones to receive and store containers, liquid, and dry bulk cargo, multipurpose storage warehouses, an administrative area, and customs offices, as well as an additional 300 acres for the logistics center.

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