DP World’s Egyptian subsidiary DP World Sokhna has confirmed that a major port expansion project along the Suez Canal is nearing completion.
The Port of Sokhna’s Basin 2 will be operational by the second quarter of 2020 and is expected to have a nearly double capacity of 1.75 million TEUs per year.
Built at a cost of US$520 million and complementing two operational basins, the expansion into Basin 2 includes a 1.3-kilometre-long quay with 400 metres in use in Phase 1, and a 350,000-square-metre container yard.
Basin 1 is already operational with a capacity of 945,000 TEUs. Basin 3 is a liquid bulk station spanning 400 square metres and is a major gateway for Egypt’s energy imports.
DP World claims the expansion will make the Port of Sokhna the only port in Egypt capable of handling large containerships.
The best maritime site on the web. The sea's our scene!