Fujifilm, Egypt's UPA Sign MoU to Advance Healthcare Training and Technology at Africa Health ExCon    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Lagarde's speech following ECB rate cuts    OPEC+ defends decision amid oil volatility    Acceleration needed in global energy transition – experts    Sri Lanka grants Starlink preliminary approval for internet services    European stocks rise on tech ahead of ECB meeting    Colombia likely to cut coal sales to Israel amid ongoing war on Gaza    HDB included in Brand Finance's top 200 brands in Africa for 2024    China-Egypt relationship remains strong, enduring: Chinese ambassador    MSMEDA aims to integrate environmental dimensions in SMEs to align with national green economy initiatives    Egypt, Namibia foster health sector cooperation    Palestinian resistance movements to respond positively to any ceasefire agreement in Gaza: Haniyeh    Egypt's EDA, Zambia sign collaboration pact    Managing mental health should be about more than mind    Egypt, Africa CDC discuss cooperation in health sector    Sudanese Army, RSF militia clash in El Fasher, 85 civilians killed    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    US Embassy in Cairo brings world-famous Harlem Globetrotters to Egypt    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Hamburg authority expresses interest in managing Egyptian ports: Ministerial consultant
Published in Daily News Egypt on 15 - 03 - 2016

Chairman of the Hamburg Port Authority (HPA) Jens Meier will visit Egyptian ports next month to discuss possible cooperation between Egypt and Germany, according to a Ministry of Transportation consultant.
The head of the HPA expressed his desire to participate in managing and improving service levels at Egyptian ports, according to Mahmoud Allam, the consultant to the minister of transport for international cooperation.
The ministry has prepared a list of projects to present to investors in the coming period, as well as another list of urgent projects at a cost of EGP 200bn, which will be completed within four years. These projects were presented to many foreign investors, but the ministry has not yet received actual offers for their implementation, Allam told Daily News Egypt.
The consultant said the ministry is still in negotiations with China Harbour Engineering Company Ltd. (CHEC) to implement a multi-purpose quay for the port of Alexandria, according to an agreement that was signed at the Egypt Economic Development Conference in March 2015.
The ministry is also still negotiating with PSA Singapore regarding their participation in managing and operating the port of Alexandria, according to a previously-signed agreement. The ministry is currently considering the possibility of expanding to include all Egyptian ports after evaluating the Port of Alexandria's experience, Allam said.
The PSA is interested in Egyptian ports and is scheduled to set a vision to develop Egyptian ports and put it on global competition map, he said.
Cooperation with the PSA aims to reduce spending on Egyptian port management, especially the port of Alexandria, which could be managed by just 500 workers, whereas the number of workers there currently is more than 4,000, according to Allam.
During their recent visit to Egypt, PSA officials visited the Suez Canal Authority to discuss cooperation in the six ports added to the jurisdiction of the economic commission for the Suez Canal Area. These are the Ain Sokhna Port, El Tur Port, Adabiya Port, East Port Said Port, West Port Said Port, and Al-Arish Port.
This is amid the Egyptian state's efforts to turn the Gulf of Suez into a regional and international transport and logistics hub, through which the state can leverage the transit fees gathered from ships passing through the Suez Canal.
The launch of the New Suez Canal in August 2015 succeeded in cutting down the waiting time for ships passing through it by approximately from between eight and 11 hours to just three, in a bid to attract more ships to pass through the canal. However, some experts have called into question the viability of the larger project, in light of the declining in international growth rates.


Clic here to read the story from its source.