Companies

Chinese company completes first berth of Egyptian port project

(Xinhua)
Updated: 2010-06-24 09:29
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CAIRO - The first berth of the second phase project of Egypt's Port Said East Container Terminal has been completed, the Chinese builder said Wednesday.

The delivery of the first berth as scheduled shows the construction has been going well, said Gao Hongbin, the manager of China Harbor Engineering Company Ltd's project management office.

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The $219 million project is a 1,200-meter-long southern extension to the first phase, which has been put into use. It includes four berths with a 17.5-meter depth and some other facilities.

The whole project began construction in September 2008 and is expected to be completed by July 2011.

At the northern mouth of the Suez Canal into the Mediterranean Sea, the port will be built into a major container hub in the region, which can meet the requirements of the world's current largest container vessels.

Founded in 1980, China Harbor Engineering has developed operations in marine engineering, dredging and reclamation and port design.  Last year, its operation revenue reached $1.9 billion.