In depth study for new port in Gulf of Aqaba
BMT Baxter Eadie Ltd has completed an in depth field study for a new port in the Gulf of Aqaba on the southern tip of Jordan. The company, part of the BMT Group, used its expertise to forecast traffic to the new port, which is due to open south of the current Port of Aqaba in 2012.
The study was conducted on behalf of the AYLA New Port Consortium, which is preparing a bid to design, build and operate the new port under a 30 year public-private partnership with the Jordanian government.
The AYLA consortium, which includes Jordan Dubai Energy and Infrastructure, Bouygues Travaux Publics, and Louis Dreyfus Armitage, is one of four consortia preparing bids for the contract estimated at US$700m.
The Port of Aqaba is Jordan’s only sea port and is located within 20km of Egypt, Israel and Saudi Arabia. The Jordanian authorities are hoping that the new port, which will have facilities for general cargo and Ro-Ro ferries, will improve trade with the surrounding countries.
As part of its study BMT Baxter Eadie used it own traffic forecasting model to predict the amount of traffic in and out of the new port between 2012 and 2042. Its financial modelling expertise was also employed to forecast the revenue generated by the new development.
Dick Scott Kerr, BMT Baxter Eadie’s managing director said, ‘BMT Baxter Eadie’s independent and robust traffic and revenue forecasts for the new facility offer key market insight not only for the project but for the Kingdom of Jordan and those neighbouring states using Aqaba Port for transit traffic movements.
‘With the delivery of the study report the AYLA New Port Consortium is fully equipped to consider prospects for port investment at Aqaba, and can manipulate the model and adjust the assumptions in order to determine the level at which they will be prepared to submit their bid for the concession.’
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