Walid Abd al-Ghaqar, general coordinator for the Suez Canal Development Project, said that a second container terminal will be constructed in the fifth basin of the Ain Sokhna Port by the end of the month.
The project will be funded by EGP 5bn worth of international investment.
And al-Ghaqar stated that he was reviewing the final draft of the project’s terms and conditions. He said the project would help jumpstart Egypt’s economy, and help strengthen the role to be played by public sector institutions in development.
