Synergy Consulting, Inc. is the Financial and Commercial Advisor to the European Bank for Reconstruction and Development (EBRD) to support the General Authority for Land and Dry Ports (GALDP) and Public Private Partnership Central Unit (PPPCU), Ministry of Finance, Egypt for procurement of the 10th of Ramadan Dry Port and Logistics Center Project.
The Letter of Award for the Project, to be implemented under the PPP framework, was issued by GALDP to Medlog, the logistics arm of the Mediterranean Shipping Company (MSC), the world’s second-largest container shipping line.
PPPCU and GALDP issued the tender for the project in September 2022, bids were received in April 2023 and evaluated on technical and financial parameters. Medlog, as the Private Partner, would be responsible for the designing, construction, financing, operations, and maintenance of the dry port and value-added logistics center.
The project would be developed under a 30-year concession term, after which it will be transferred to the Public Partner.
Synergy Consulting will continue to support the Client to achieve the Commercial and Financial Close of the project.