Gov’t signs-off on USD 500 mn Sonker investment - ENTERPRISE / AL MASRY AL YOUM

 Sunday, 7 May 2017

The government signed an agreement activating the financing of Sonker’s liquid bulk terminal in Ain Sokhna, Al Masry Al Youm reported. 

Sonker is investing USD 500 mn to construct and operate a bulk-liquids terminal for the import and storage of gasoil and LPG in the third basin of Ain Sokhna Port. 

USD 320 mn of the project’s cost is being financed by IFC, EBRD and CIB. 

Amiral is providing the rest of the financing.