State-run Egyptian Holding Company for Airports and Air Navigation (Ehcaan) plans to establish a new terminal for Borg El Arab Airport, with a capacity of up to four million passengers a year, said a report.

The $150-million project is being funded by Japan Bank for International Cooperation (JBIC), reported Amwal Alghad.

The company plans to start work on the new terminal by July next year, it added.