Damietta Port Second Container Terminal

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This project involves the construction of a Second container terminal in Damietta Port, located in Damietta Governorate, Egypt. The special purpose vehicle for this initiative is the Damietta Alliance Container Terminal, established on the basis of a 30-year build, operate and transfer concession agreement. The sponsors and shareholders are the Hapag-Lloyd Damietta GmbH (39%), the Eurogate Damietta GmbH (29.5%), the Contship Damietta Srl (29.5%), the Middle East Logistics & Consultants Group (1%) and the Ship & C.R.E.W. Egypt S.A.E. (1%). The planned throughput capacity per year is 3.3 million TEUs. The total project cost is $665m. A significant portion - $455m will be provided with a loan package co-financed by the Asian Infrastructure Investment Bank with $100m, the International Finance Corporation (IFC) with a $125m loan and a risk management products in form of interest rate swaps with a loan equivalent of $10m, the EBRD with $125m, and loans from the KfW and the Agence Francaise de Developpment (AFD). The financial close date is November 1st, 2023. https://www.ebrd.com/work-with-us/projects/psd/53313.html https://www.hapag-lloyd.com/en/company/press/releases/2022/05/-damietta-alliance--developing-and-operating-a-new-container-ter.html https://www.portseurope.com/ebrd-to-approve-125-mln-loan-to-damietta-ports-2nd-terminal-project/ https://www.egypttoday.com/Article/3/126402/EBRD-to-approve-125M-loan-to-develop-second-container-terminal https://www.uxolo.com/news/37162/dfis-to-approve-damietta-alliances-container-terminal-deal https://disclosures.ifc.org/project-detail/SII/45868/damietta-port-ii https://www.aiib.org/en/projects/details/2023/approved/Egypt-Damietta-Port-Container-Terminal-II.html