Alexandria Port Authority Chief Medhat Attia said he expects a boom in the port during the next two years. The authority is carrying out a number of megaprojects, including a logistics zone on 204,000 sqm, liquid bulk terminal with investments of EGP 150m, the Gate 54 Axis with investments of over EGP 500m, a multi-storey garage at a cost of EGP 285m, and the purchase of a number of marine vessels.
He noted that the Alexandria Port will be among the largest ports in the world in terms of area, as they plan to expand it by 1.8 sqkm to reach a total area of 3.5 sqkm, an increase of nearly 200%.
Last month, the Alexandria Port Authority signed a contract with the Holding Company of Maritime & Land Transport and the Suez Canal Authority for the implementation of a multi-purpose station on berths 55 to 62, with an usufruct right of 30 years at a cost of $450m.
Noteworthy, the current water area of the port is estimated at 6.8 sqkm with a capacity of 37.9m tonnes per year. About 18.4m tonnes of general goods are being traded at the port, as well as 5.6m tonnes of dry bulk, 3.9m tonnes of liquid bulk, and 1m twenty-foot equivalent units (TEUs).
Attia said that the expansions include implementing a system to transfer containers via railways, starting with berth 85 and the multipurpose terminal.