RSPA – Safaga Industrial Port Development – Egypt - Project Profile
"RSPA – Safaga Industrial Port Development – Egypt - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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The Red Sea Ports Authority (RSPA), a subsidiary of Egypt’s Ministry of Transportation, is planning to construct the Safaga Industrial Port Development project in Egypt.
The project involves the development and upgrading of Safaga mining port. It includes the development of mining section of the port in order to upgrade from one to eight platforms, the construction of a liquid bulk terminal, livestock terminal with meat processing facilities, grain storage and milling terminal, other related facilities, and the installation of safety systems.
The project is planned to be implemented in phases. The first phase includes three projects, the first of which will build the main infrastructure for a phosphoric acid circulation terminal with a cost of US$90 million and the second establishment is a dry bulk of station for wheat, milling industry and the mobilization of milling products with a cost of US$60 million. The third is a station for animal trade with a cost of US$20 million.
The Ministry of Finance's Public Private Partnership Central Unit will oversee the development of the project.
HPC Hamburg Port Consulting GmbH (HPC) has been appointed to undertake the pre-feasibility studies, and Arab Financing Facility for Infrastructure (AFFI) has provided funding to undertake the pre-feasibility studies.
In December 2013, pre-feasibility studies on the project were finalized.
In December 2014, financial, technical and economic studies were prepared by HPC.
In August 2015, RSPA secured approvals from the PPP Supreme Committee and International Finance Corporation (IFC) was appointed as the transaction and financial advisor for the project.
Maritime Transport Business Solutions (MTBS) has been appointed as study consultant.
Export Development Bank will provide funding for the project.
As of June 2017, planning activities are underway. The request for qualification (RFQ) is expected to issue by the end of July 2017.
The project involves the development and upgrading of Safaga mining port in Egypt.
The US$513 million project includes the following:
1. Development of mining section
2. Construction of a liquid bulk terminal
3. Construction of a live stock terminal with meat processing facilities
4. Construction of a grain storage and milling terminal