Transport Minister Ibrahim al-Demeiry said on Tuesday that the ministry launched three projects worth LE20 billion, including the tender for the third phase of the Ataba-Imbaba-Cairo University metro line, which would be offered on Wednesday and implemented over five years at an estimated cost of LE12 billion.
Demeiry also said that the Port Said Port Authority offered a sealed-envelope tender for the design, construction, maintenance and operation of the CT2 container terminal on a BOT basis and that one of the three companies out of seven that applied for the tender would be chosen on 6 April.
“We also launched a bid for the Safaga container terminal to be built on 650,000 square meters and another bid for a multi-purpose terminal at the Tor Port on 85,000 square meters, both at an investment of US$600 million,” he said.
He added that the Port Said container terminal would inject investments estimated at US$750 million and would create an estimated 2,500 jobs for the residents of Port Said and the surrounding areas.
“We had offered those projects at the Egyptian-Gulf Forum,” he said, adding that there are other ambitious investment plans for Upper Egypt and Sinai that would contribute to the development of those areas as well as the national economy.
Edited translation from Al-Masry Al-Youm