Red Sea Ports Accredit EGP50 mln For Developing Nuweiba Port

The Red Sea Ports Authority has accredited EGP 50 million as an increase for the development work the Port of Nuweiba to become EGP 220 million total costs.

Eng. Hussein Abo Al Wafa, a director, at the project of Nuweiba Port, said the approved cost of the development is EGP 170 million; adding that the authority called for an increase of EGP 50 million for the development work due to raising the price of dollar in return for the Egyptian pound. And then the total costs of the project reached EGP 220 million.

He referred that the development work in the project represents in establishing 3 new terminals and a parking for the trucks and another parking for the cars and taxis; mentioning that the first parking will be inaugurated on June 23rd.

The work in the parking, which is for the trucks, was finished at EGP 90 million total costs.

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