Alex Port Studies Injecting EGP10 bln To Construct 4 Piers

Rear Adm. Adel Yassin Hamad, Chairman of Alexandria port, has stated that the Ministry of Transport will finish within days the specifications of a tender for “pier 100” inside Alexandria Port; expecting that the pier will be offered at EGP 3 billion at the end of May.

The pier’s length is 1350 meters and 16 meters in depth, while the executive arena is 360.000 meters. The pier will receive the fourth-generation vessels.

On the same context, Hamad said the authority will cooperate with the Faculty of Engineering, Alexandria University, to set the specifications for expanding “pier90/1” 370 meters in length and 20 meters in depth besides storage space reaches 110.000 meters; expecting that the venture’s cost is EGP 3 billion.

Hamad elaborated that the authority is studying the implementation of two multi-purposes plants in Alexandria and El-Dekheila ports at total investments EGP 5 billion during the fiscal year 2013-2014.

He added that the rate of the goods circulation in the port will reach 38 million tons by the end of the current fiscal year.