Concession of East Port Said Liquid Bulk Terminal (LPG and Gas Oil Tank Farm)
- Egypt
- JV/ Oil Tanking/Sonker/Amiral
- 2010
- USD 350 Million
- Advisory Services – PPP (Bid Stage)
- Concession Bid preparation
- Business Model
- Project Execution Plan
- Strategic Planning and Management
- Concession Contract negotiation
- Achievement
Concession awarded to the JV that ProcGlobal presented
The Port Said Liquid Bulk Concession was a significant development in Egypt’s maritime and logistics sector. Port Said, strategically located at the northern entrance of the Suez Canal, plays a pivotal role in global trade, especially in the liquid bulk market. This development underscored the importance of public-private partnerships in driving infrastructure advancements and economic growth. The project’s key features are:
• Public-Private Partnership (PPP): The concession was awarded to a private operator, emphasising collaboration between the Egyptian government and international investors.
• Infrastructure Development: The project included the construction of tank farms consisting of 80 tanks, dedicated berths, storage tanks, and modern loading/unloading systems to handle liquid bulk cargo efficiently.
• Environmental Considerations: Special focus was placed on minimising environ mental impact, given the sensitive marine ecosystem near the Suez Canal.