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Egypt’s 6th of October Dry Port awarded IJGlobal Transport Deal of the Year in MENA
Egypt’s 6th of October Dry Port (DP6) was awarded the 2021 IJGlobal Transport Deal of the Year in MENA Region.
The Sixth of October Dry Port Project (DP6) is the first PPP in this sector and will finance the first inland dry port in Egypt, providing support to the existing port infrastructure and logistics market while also contributing to the realization of logistics efficiency gains.
Many seaports are increasingly suffering from congestion, insufficient hinterland connections and lack of space for expansion. It therefore becomes increasingly important to guarantee a smooth flow of cargo through the ports and decongest the seaport areas and realize logistics efficiency gains.
DP6 will function as an extended gateway for the deep-sea ports in the northern and eastern regions of Egypt, guaranteeing a smooth flow of cargo through the ports by decongesting the seaport areas and supporting the overall economic growth of the country.
DP6 will serves as the final destination for cargo and will provide efficient customs inspections and clearance procedures; reduce congestion in the seaports; create economies of scale by using intermodal rail services to/from the seaports; and improve the overall reliability and cost-efficiency of the logistics processes of the dry port’s future clients. Additionally, the project is expected to transfer part of container traffic from road to rail, boosting social, environmental and economic benefits such as reduced road congestion, accidents and environmental emissions. In particular, the project will lead to significant GHG savings and air pollutants reductions.
Furthermore, this investment is Sixth of October City’s trigger investment that formally initiates the city’s participation in the EBRD Green Cities Program and allows for the start of the Green Cities Action Plan (GCAP) – supporting the city to develop a GCAP that will identify its priority environmental challenges, identify strategic objectives, and propose priority actions and green investments it can pursue. The GCAP will also include assessment to help the city address gender challenges.
The government has ambitions to develop multiple future dry ports and the success of this project will promote much-needed private sector participation.
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