The European Bank for Reconstruction and Development (EBRD) has provided a EUR25 million (US$29.5 million) loan to the October Dry Port Company for the construction of the Dry Port of 6th of October in Egypt. 

October Dry Port Company is a special-purpose vehicle established by a consortium of El Sewedy Electric, Schenker Egypt and SLP Logistics. The 6th of October Dry Port is the first public-private partnership (PPP) project in the sector and the first under the EBRD Green Cities programme in Egypt. The project will function as an extended gateway to the deep seaports located in the northern and eastern regions of the country, providing support to the existing port infrastructure and logistics market.

Once operational, the 6th of October Dry Port will help to make logistics more efficient, reduce congestion in the seaports and create economies of scale through the use of intermodal rail services as well as improve the overall reliability and cost-efficiency of the logistical processes for the future clients.