COSCO SHIPPING Ports Limited (CSPL) has announced its investment in 25% of the equity in Sokhna New Container Terminal, Egypt.
On 15 March, Zhao Fengnian, chief accountant of the company representing CSPL, attended the signing ceremony in Cairo, Egypt, and signed the project agreement with the other partnering companies.
This project is a new terminal built by the Egyptian government and will be a project constructed and operated by a terminal company formed by industry leaders including CSPL.
The operating period for the project is 30 years, the total investment is approximately US$375 million, and the terminal’s container capacity after the completion of the project will reach 1.7 million TEUs.
