As stated by the EBRD, the project consists of a senior loan of up to USD 125 million in favour of the Damietta Alliance Container Terminal, a special purpose vehicle established to develop a second Container Terminal in Damietta Port (CT II) on the basis of a 30-year Build, Operate and Transfer Concession Agreement granted by the port landlord, Damietta Port Authority.
The Loan is part of a financing package of USD 455 million expected to be co-financed by the Asian Infrastructure Investment Bank, Deutsche Investitions und Entwicklungsgesellschaft, the International Finance Corporation, and Proparco.
The Project will support the development of the superstructure and purchase of equipment for CT II thereby significantly increasing Damietta Port's competitive position. The Project promotes private sector participation in the infrastructure sector, which will help Damietta Port become a strategic transhipment hub in the East Mediterranean.
The Project will also support human capital development within the Damietta Region by broadening access to market relevant skills and training in the sector, and helping reduce the skills gaps in the region by developing a skills development strategy responding to emerging and future needs of the ports and logistics sector.
As stated on Eurogate's website, a new terminal will be built in the port of Damietta/Egypt. For this purpose, a Joint Venture was founded to develop and operate the new “Terminal 2” in the port. The Joint Venture “Damietta Alliance Container Terminal S.A.E.” consists of three core shareholders which are Hapag-Lloyd Damietta GmbH (39%), Eurogate Damietta GmbH (29.5%) and Contship Damietta Srl (29.5%). Two other partners, Middle East Logistics & Consultants Group and Ship & C.R.E.W. Egypt S.A.E., will each hold 1%.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Contship Italia SpA||Client||Industry and Trade|
|-||-||-||-||EUROGATE GmbH & Co KGaA KG||Client||Industry and Trade|
|-||-||-||-||Hapag-Lloyd Group||Client||Industry and Trade|
|-||-||-||-||Middle East Logistics and Consultant Group – MELC||Investor||Industry and Trade|
|-||-||-||-||Ship & C.R.E.W. Egypt S.A.E.||Investor||Industry and Trade|
Client - Damietta Alliance Container Terminal:
Phone: +49 151 6568 7154
ACCESS TO INFORMATION
You can request information by emailing: email@example.com or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: firstname.lastname@example.org or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html