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RVO awards DHI subsidy for FS to further develop Alexandria Port in Egypt

By January 10, 2018January 24th, 2018No Comments

RVO has granted CDR a DHI subsidy for the feasibility study for the refurbishment and renovation of the Port of Alexandria in Egypt. The port currently does not meet the Alexandria Port Authority’s objectives to facilitate vessels with a draft greater than 10m. In order to meet this ambition, a large-scale renovation of the port is required. This includes the deepening of the harbour basin and the replacement of frame walls and associated superstructure (cranes, etc). The study provides insight into the technical, financial and economic feasibility of an investment in new port infrastructure for a future loan.