Sokhna Port bulk liquids terminal

Overview:

• Sokhna Port bulk liquids terminal.
• A joint venture between the Sonker Bunkering Company, Dubai-based DP World, the Suez Canal Authority, and Red Sea Ports Authority is sponsoring the development of a bulk liquids terminal and FSRU terminal project at Ain Sokhna Port, Egypt.
• The project will facilitate the imports of LNG, and LPG from the Red Sea to Egypt.
• Financing packages included a $72 million senior loan and $22 million mezzanine loan from the European Bank for Reconstruction and Development; a $70 million senior loan and a $22 million mezzanine loan from the International Finance Corporation; $52.5 million loan from other investors mobilised by the IFC; and a $28 million loan, a $30 million loan and the equivalent of $44 million in Egyptian pounds from the Commercial International Bank. 

Rani Mehta - Journalist