6th of October Dry Port



Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

02 Jul 2021



PSD disclosed:

26 Jul 2021

As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.

Project Description

Provision of a senior loan of up to USD 29.6 million (EUR 25 million) in favour of October Dry Port Company (the "Borrower" or the "Company" or "ODP"), a joint stock company established in Egypt. The proposed loan is part of a total investment package of USD 60 million to finance the design, development, construction and operation and maintenance of the 6th of October Dry Port ("DP6"), the first in land dry port in Egypt in the city of 6th of October, west of Cairo (the "Project").

The Project will be the City's "trigger investment" under EBRD Green Cities Framework 2 Window 2 ("GrCF2 W2") formally initiating 6th of October's participation in the programme and enabling the start of the development of the Green City Action Plan ("GCAP") with the New Urban Communities Authority ("NUCA") for the 6th of October City. 

Project Objectives

The proposed Project will be the first PPP in the sector and will finance the development and construction of the 6th of October Dry Port Project ("DP6"), the first inland dry port in Egypt providing support to the existing port infrastructure and logistics market. DP6 will function as an extended gateway for the deep-sea ports located in the northern and eastern regions of Egypt. DP6 will be the final destination of the cargoes and will (i) provide efficient customs inspections and clearance procedures, (ii) reduce congestion in the seaports, (iii) create economies of scale by using intermodal rail services to/from the seaports and (iv) improve the overall reliability and cost-efficiency of the logistics processes of the dry port's future clients. Additionally, the Project is also expected to transfer part of the container traffic from road to railway, thus realising many social, environmental and economic benefits such as reduced road congestion, accidents and environmental emissions. In particular, the Project will lead to significant GHG savings and air pollutants reductions and is therefore consistent with the Green Economy Transition ("GET") Approach and is 100 % GET.

Transition Impact

ETI score: 70

Transition impact: The Project fully contributes to the transition objectives of the GrCF2 W2 and will be the trigger investment for the Green Cities Action Plan ("GCAP").  

  • The Project's primary transition will be Green as it will result in significant GHG savings from the expected modal shift from direct truck transport from the seaports toward intermodal rail service via DP6. The Project is expected to save over 14 million litres of diesel per year (26.8% saving) as well as 40,000 tons of CO2 per year and is 100% GET.
  • The Project also contributes to the Competitive quality. The Project will finance the first PPP in the dry port sector in Egypt and one of the few PPPs in the infrastructure sector, promoting much needed private sector participation. Project preparation was supported by the Bank's Infrastructure Project Preparation Facility ("IPPF") ensuring compliance with the Bank's concession policy.

Client Information


October Dry Port Company ("ODP" or "SPV"), a joint stock company established as a special purpose vehicle in Egypt to implement the Project under a BOT structure. The SPV is 70 % owned by El Sewedy Electric, 20 % by SLP for Logistic Properties ("SLP") and 10 % by Schenker Egypt ("Schenker") (together the "Consortium").

EBRD Finance Summary

USD 29,600,000.00

Total Project Cost

USD 60,000,000.00


The Bank's financing is additional through the (i) financing structure as it providesa project finance structure with long-term financing, longer tenor and much needed foreign currency necessary for the structuring of the Project and otherwise not available from commercial sources, (ii) risk mitigation  as the Bank's involvement gives comfort and assurance to investors, (iii) standard setting given increased operational safeguards and environmental and social requirements and (iv) policy change as the Bank will assist the City in addressing environmental challenges through the development of a GCAP and which will also include a gender assessment, thereby contributing to gender additionality

Environmental and Social Summary

Categorised B in line with 2019 ES Policy. The Project comprises the construction and operation of a greenfield dry port within an industrial area located on the outskirts of the city of 6th October.  The Project's environmental and social impacts were initially reviewed under the Bank's Project Preparation facility in 2016 and updated in 2019 and following concession award independent environmental and social due diligence ("ESDD") was undertaken. This confirmed that (i) the Project is likely to have site specific environmental and social impacts, which can be minimised through implementation of mitigation measures and relevant monitoring and management techniques and (ii) the Borrower, October Dry Port Company, has the institutional capacity to undertake the Project in line with EBRD Performance Requirements ("PRs").

The Project site occupies currently unused desert land, designated for industrial development and located 24 km from 6th of October City. The site and its surroundings have no sensitive environmental receptors and the closes community is located over 20km away. The key risks identified by the ESDD are related to construction stage Health and Safety ("H&S"), labour management and transport impacts. These will be managed through the Construction Environmental and Social Management Plan ("CSMP") developed for the Project and a set of polices cascaded to contractors and subcontractors. The Borrower has already appointed a dedicated Environmental Health and Safety ("EHS") manager. Approximately 1200 direct and 350 indirect jobs will be created during the construction phase. The construction contractor will build temporary employee accommodation onsite during this phase.

At the operational stage, the Project will have an overall net environmental benefit by facilitating the reduction in congestion at Alexandria and El Dekheila container terminals, which will allow for faster turnaround of berthing vessels and a reduction in  air pollutants and GHG emissions in the port area, as well as through the modal shift achieved by using railway infrastructure to transport cargo closer to its main destination, Cairo. Operational Environmental & Social ("E&S") risks are related to labour and traffic management, waste generation, hazardous substance management and OHS. These will be managed under the established Environmental and Social Management System ("ESMS").

An Environmental and Social Action Plan ("ESAP") has been prepared for the Project and will be agreed with the Sponsor. The ESAP focuses on implementation of the EHS management systems for construction and operational stages in line with documentation prepared by consultants, adequate handling of hazardous substances, set up of Health and Safety ("H&S") procedures in line with good international practice, cooperation with the city on traffic safety and community awareness campaigns as well as labour and worker accommodation management. The Bank will monitor the Project through annual reports and site visits as required.


Technical Cooperation and Grant Financing

Green City Action Plan ("GCAP") to identify and prioritise the City's most pressing environmental challenges, and develop a plan for investments for 6th of October City to pursue the green agenda. The GCAP methodology includes gender and inclusion and considerations. The estimated cost of the assignment is up to EUR350,000 expected to be financed by an international donor or the EBRD Shareholder Special Fund ("SSF"). Note: the beneficiary of the TC is not the Borrower. The TC will benefit the New Urban Communities Authority (NUCA) and the 6th of October City who will be responsible for all activities in relation to the TC assignment, including the development and implementation of the GCAP.

Company Contact Information

Amr Mansour
(+202) 275 99 700 - 709

PSD last updated

26 Jul 2021

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.


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