In 2022, MTBS cooperated with COSCO SHIPPING Ports Limited (CSPL) to conduct a market study for a (then) potential container terminal in the Egyptian Port of Sokhna. On March 15th, CSPL signed the project agreement with the other participating companies to operate the new container terminal.
After the completion of the construction by the Egyptian government, CSPL will – in collaboration with its partners – have a 30-year operating period. The total investment is approximately USD 375 million, and the terminal’s container capacity will be 1.7 million TEU upon completion. As MTBS we are very pleased to have cooperated on this important project for CSPL and we would like to congratulate our client with reaching contractual close with their partners.