Egypt’s state-run construction company, Arab Contractors is set to build number of piers with total length of 1000 meter in East Port Said port within 18 months, its Chairman Mohsen Salah said Wednesday.
The piers will be established into two regions with length of 500 meter each totaling value of 950 million Egyptian pounds ($106.9 million), Salah added. Additionally, the new piers could receive containers holding up to 170,000 tonnes.
The piers are among the Suez Canal Axis development Project which is a mega project, launched on 5 August 2014 by President Abdel Fattah al-Sisi.
The project aims to increase the role of the Suez Canal region in international trading and to develop the three canal cities: Suez, Ismaïlia, and Port Said.
The Suez Canal is one of the most important international waterways in the world. In order for the canal to continue being a safe passageway, it must be improved and maintained regularly.
The project will accomplish this goal by: 1) widening of single way canal cuts at various locations to eliminate navigational hazards and increase the wet cross sectional area of the canal; 2) deepening the canal and its approaches in various.
East Port Said Port has a distinguished location east of the Northern entrance of the Suez Canal, at the confluence of three continents, and at the crossroad of the most important world sea trade route between the East and the west.
The port is bordered from the North by the Mediterranean Sea, from South by the industrial zone, from East by El-Malaha Lake, and from the Western verge of Suez Canal inside the frontiers of Port Said Province.