Alexandria Port Authority plans to borrows USD100mn to fund its share of new multi-purpose terminal
According to an article in Al Mal, Alexandria Port Authority intends to borrow USD100mn in debt to finance 50% of its contribution in the USD550mn multi-purpose terminal at the port of Alexandria. Suez Canal Authority and the Holding Company for Maritime and Land Transport will subsequently fund their respective share of the new terminal. According to the article, the tenders for constructing, dredging and operating the new terminal are expected to begin during 2019.
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