Egypt ’s East Port Said Port inaugurated
Posted: 18 May 2005
Hosni Mubarak, Egyptian President inaugurated recently the East Port Said Port in the context of developing the Egyptian sea fleet, promoting the global trade traffic and transforming the east region of Port Said and the north of Sinai into an international trade point of transit, storing and distribution.
Dr. Essam Sharaf, the minister of transport, said during the inauguration ceremony that Egypt has realized that the international trade volume will increase and Egypt has a rare chance to benefit from its genius position in each ton and container. So, Egypt is built two central ports at the borders of Suez canal, one at the east of Port Said city and the other at Ain Sukhnah. The government has funded the projcts wisely to be ready to receive and tackle the current situation in the global trade which grows by 8.5 percent annually that the number of the ships transiting the canal has reached 47 ships daily.
Concerning the implementation of the first stage of the project, the deputy chief of Port Said Authority said that it has been begun by the digging and building the wave blocks besides protecting the coast and the rims of the maritime canal. In this concern, an outer canal of 13 km in length, 18.5 mm in depth and 250 mm in bed depth has been set.
The construction of the turning circle and the link canal with Suez Canal has been completed. The financial cost of this stage, as the deputy chief of Port Said Authority said, is $ 220 million just to complete theses works.
He showed that the difficulties faced by the works were the big volumes of military wastes that have been removed thanks to the cooperation between the Egyptian military and the port authority.
"The existence of East Port Said Port and Ain Al –Sokhna will result in increasing the number of the containers transiting Egypt through the east of Mediterranean sea and the Middle East to 17 million containers whereas the cautious reports indicate that our share in this surge can be about 5 million containers or the double of the current volume.
In his inauguration speech, Sharaf stressed the importance of the unique location of the port, saying that the port is not mere a container or a berth, yet a central point in the global transit and an active maritime point for the VA industries.
"The direct pay-off of functioning the port will be covered within less ten years", Sharaf added.
Posted by Editor Offshore Arabia Magazine
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