Authority of Land, Dry Ports achieves surplus of LE129M in 2017/18

CAIRO – 7 August 2018: General Authority for Land & Dry Ports achieved a surplus of LE 129 million during fiscal year 2017/2018 with an increase of LE 47 million, compared to the estimated surplus, according to the Ministry of Transport.

The ministry added in a statement that the authority executed 93 percent of its investment plan during last fiscal year, with a total of LE 155 million, which included the development of Taba Port and the first phase of securing the authority’s ports.

The statement revealed that Minister of Transport Hesham Arafat headed the meeting of the authority’s board of directors, discussing the final account and the budget.

They also discussed the upcoming projects of development in different ports.

The minister called for a continuous progress in the performance and development rates, in addition to the need to focus on training port workers, as the human factor is one of the most important factors contributing to the success of the system.

“The ministry has set a comprehensive plan for dry ports and logistic areas, planning to construct several dry ports and logistic areas to serve the commercial community, and maintain the road network,” Arafat said on the sidelines of the meeting.

He clarified that the goods will be transported to and from these ports via the rail network.

Arafat noted that the ministry considered the needs of Lower and Upper Egypt when deciding the destinations of these ports, and stressed that these sites were selected according to scientific foundations.

The dry ports and logistic areas will be established in the cities of 6th of October, 10th of Ramadan, Sadat City, New Borg El-Arab City, New Beni Suef City, Sohag New City, Arafat stated.

According to the minister, executive steps have already been taken to establish these ports. The project of constructing the dry port in the 6th of October city on 100 feddans area has been presented to the investors in an international tender to be conducted in partnership with the private sector.

Major alliances have been rehabilitated to enter this project and are now completing the process of placement and graduation.

The website of the authority stated that the main function of Land Port is the provision of facilities after the establishment of the World Trade Organization (WTO) 1995 active World Trade movement, using new methods and concepts to reduce the overall costs.

It added that many concepts were developed, including the seaport, which was based on the geographical location, with a focus on the provision of handling services of goods and storage operations inside the port.

Egypt has six ports in the wilderness on the eastern, western and southern borders.