European Bank for Reconstruction and Development (EBRD) has announced EUR 1 million (US$ 1.21 million) support for project preparation and procurement process of a dry port and logistics center in 10th of Ramadan City. The new dry port is expected to improve the efficiency of Egypt’s transport infrastructure by reducing congestion at seaports and creating the conditions for accelerated customs processes and procedures. Facilitating trade will contribute to an increase in the competitiveness of local producers, which will help accelerate sustainable economic growth and create employment opportunities.

The project is part of Egypt’s transport master plan, which recommends the development of an intermodal corridor extending from Alexandria on the Mediterranean coast to El Sokhna on the Red Sea coast.