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6th of October Dry Port

Sector: Road • Location: Egypt

Source: European Bank for Reconstruction and Development (EBRD)

Project
Repaying

The Bank provided a senior loan of up to USD 29.6 million (EUR 25 million) in favour of October Dry Port Company (the "Borrower" or the "Company" or "ODP"), a joint stock company established in Egypt to finance the design, development, construction and operation and maintenance of the 6th of October Dry Port ("DP6"), the first in land dry port in Egypt in the city of 6th of October, west of Cairo

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Project Information

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The project “6th of October Dry Port” is an infrastructure initiative in the Road sector, located in Egypt. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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repaying

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Description

Description

The Bank provided a senior loan of up to USD 29.6 million (EUR 25 million) in favour of October Dry Port Company (the "Borrower" or the "Company" or "ODP"), a joint stock company established in Egypt to finance the design, development, construction and operation and maintenance of the 6th of October Dry Port ("DP6"), the first in land dry port in Egypt in the city of 6th of October, west of Cairo (signed on 09 September 2021). The Bank is proposed to provide an additional commitment of up to EGP 206.5 million (ca. USD 10.5 million) to finance additional costs related to the Project. The Project is the City's "trigger investment" under EBRD Green Cities Framework 2 Window 2 ("GrCF2 W2") formally initiating 6th of October's participation in the programme and enabling the start of the development of the Green City Action Plan ("GCAP") with the New Urban Communities Authority ("NUCA") for the 6th of October City.

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Source reliability

High

Data quality score

100%

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URL

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