EBRD providing $1.2mn in funding for development of a dry port in Egypt’s 10th of Ramadan City

By bne IntelliNews February 11, 2021

The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a dry port and logistics centre in Egypt’s 10th of Ramadan City with a €1mn ($1.2mn) contribution to project preparation and procurement. The 10th of Ramadan City was founded in the 1970s in close vicinity to the capital Cairo and is one of the most industrialised municipalities in the country.

The project is part of Egypt’s transport master plan, which recommends the development of an intermodal corridor extending from Alexandria on the Mediterranean coast to El Sokhna on the Red Sea coast. A key element of the masterplan is the development of a chain of dry ports, inland intermodal terminals directly connected by road or rail to a seaport, operating as centres for the shipment of sea cargo to inland destinations. Egypt’s transport master plan calls for the development of nine dry port and logistics centres throughout the country under public-private partnership structures.

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