Egypt to tender Safaga PPP port project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Egypt to tender Safaga PPP port project

According to local sources, the Red Sea Ports Authority (RSPA), a subsidiary of Egypt's ministry of transportation will offer the Safaga Port to the private sector this month through the Public-Private Partnership (PPP) unit of the ministry of finance.

The Islamic Development Bank, the International Monetary Fund, the European Union, the European Investment Bank and the European Bank for Reconstruction and Development provided the funding for preliminary feasibility studies, currently being prepared by Hamburg Ports.

Safaga Port is estimated to cost around EGP6 billion (US$858 million) and ranks third among the priority projects being undertaken by the PPP Unit, following the Abu Rawash wastewater treatment plant and the waste recycling project.

The project

Development and upgrading of Safaga mining port with one platform for exporting crud Phosphate to be an Industrial Port with 8 platforms to receive bigger vessels and adding 3 more industries (Exporting Phosphoric Acid-importing & exporting Grains - importing Live Stock - maintenance dock Shipyard)

Safaga Port is located on the Red Sea, approximately 60 kilometers south of Hurghada. With a depth reaching 16 meters, vessel capacity at the port can accommodate up to 60,000 tons, with daily shipping volume recorded at 12,000 tons.

List of country news

Country news

  • July 18, 2013

    Egypt to continue with PPP projects in spite of political instability

    Egypt will continue with its public-private partnership (PPP) infrastructure projects in spite of the current political instability in the country. As it is known, Egypt's military removed former President Mohamed Morsi from office in early July following widespread popular demonstrations demanding the resignation of the Muslim Brotherhood Party leader. Read more
  • March 26, 2014

    Transaction advisor selected for Helwan wastewater plant

    A team of MVV decon and Chemonics Egypt has been selected for the development of consulting services for a Public Private Partnership (PPP) of Helwan Wastewater Treatment Plant Project (HWTP). Read more
  • April 02, 2014

    Egypt launches tenders for port PPP projects

    The Red Sea Ports Authority (RSPA), a subsidiary of Egypt's ministry of transportation, has launched two tender processes for PPP projects, the Safaga Port project and the Eltoor Port project. Read more
  • April 08, 2014

    Egypt launches tender for Alexandria's third terminal on BOT

    Egypt's Alexandria Port Authority has launched a tender process for an international public auction for the Alexandria's third container terminal. Read more
  • April 11, 2014

    Egypt announces five new PPP 'sport city' projects

    The Egyptian Ministry of Sport announced, during the 2nd Annual Egypt PPP investment Summit that took place in Cairo on March 31st, that it plans to establish five sport cities through the public private partnership model in different governorates. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.