Arab Finance: Damietta Port Authority, Damietta Alliance Container Terminal, and HSBC Egypt have signed a solutions agreement on providing financing for the establishment of the superstructure of Tahya Misr 1 container terminal at Damietta Port, as per a statement.
HSBC Egypt acts as a financing agent on behalf of the European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), Asian Infrastructure Investment Bank (AIIB), Proparco, and the German Investment Corporation (DEG).
The parties have also signed other loan agreements to finance the construction of the terminal’s superstructure.