Egypt has signed a concession for a liquid bulk terminal in East Port Said seaport worth 3.2 billion Egyptian pounds ($583.5 million), state news agency Mena said on Thursday.
The concession was awarded on a build operate transfer basis for 25 years.

The concession was awarded to a consortium comprising of liquid bulk storage firms Oiltanking and Egypt's Amiral Holdings, as well as Sonker Bunkering Company, which is jointly owned by Amiral and government entities, Mena said.

It will be the first liquid bulk terminal in East Port Said seaport, located at the northern entrance to the Suez Canal.

The terminal will be used for the handling and storage of petroleum and liquid bulk products, and bunkering for ships.- Reuters