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MT holding Co.: 500 million dollar cost of container handling terminal at Alex.

Admiral/ Mohamed Youssef, head of Land and maritime Transport holding company said that the company which prime minister has announced is a multipurpose company for containers and general cargo handling and that cost of the terminal establishment is 500 million dollars.

 Head of land and maritime transport holding company declared that the project will be from 24 to 30 months

 Youssef has declared that commencement of the project implementation is once the booklet of conditions is invited for tender, during coming few days,  for Egyptian companies that have proved its excel in implementation of such national projects that are currently implemented.  

  Head of holding company has also declared that Alexandria port general authority participation percentage is 33%, holding Co. participation reaches 33% and Alexandria Port General authority 34%.

 Dr. Mostafa Madbouly, prime minister has issued a decree to give license for Alex port general authority and Suez Canal authority in cooperation with Land maritime holding company to found a stock company

 Madbouly also said that the purpose of the company  is designing, establishing,  exporting, operating and maintenance of multipurpose terminal on berths from 55 to 62 at Alex port for handling containers and general cargo in accordance with law number 1 for the year 1996; concerning specialized and dry ports and with no contradictions with the mentioned two authorities.  




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