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MT holding Co. signs contract between Damietta and Petrojet Co. of cost 521 million pounds.

Admiral/ Mohamed Youssef, head of Land and maritime holding company, one of holding companies of Public Works Sector, signed a contract with Petrojet Co. affiliated to Petroleum ministry, the contract  concerns project of deepening Damietta port with a cost of 521 million pounds.  

 Signing of contract was witnessed by Eng.  Abed Ezz ElRegal, head of Petroleum Public authority and head of container handling companies, affiliated to holding company, the contract was for the implementation of the project of supporting and deepening berths of Damietta Cargo and container holding company numbers ( of length 1038m

 From his side admiral/ Mohamed Youssef declared that the port development aims at increasing depth from 14 to 17m, hence enabling it to receive modern generations of giant container vessels. Implementation duration is estimated from 18 to 24 months through 3 phases to guarantee continuity of terminal operation during whole period of project implementation.  

 Head of holding company has declared that Damietta port has received during past period 1.3 million containers which is considered highest amongst the three companies.    


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