October Dry Port Company secures US$29m loan from EBRD for first inland dry port in Egypt

EGYPT – The European Bank for Reconstruction and Development (EBRD), is set to provide a €25 million (US$29.44m) loan to October Dry Port Company for the construction of the first inland dry port in Egypt, in 6th of October City, west of Cairo. October Dry Port Company is a special-purpose vehicle established by a consortium of El Sewedy Electric, Schenker Egypt and SLP Logistics. The development and construction of the 6th of October Dry Port is the first public-private partnership (PPP) project in the sector and the first under the…

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