The story
The Egyptian government signed a concession agreement for a term of 30 years in relation to the need for a container terminal in Port Said. In 2002, Egypt ratified an additional concession agreement, following earlier approval of terminal design in 2001.
Construction on the SCCT first started in 2003, and a target date of October 1 of the following year was established. The Suez Canal Container Terminal became operational in October 2004.
In 2007, the Egyptian government signed a concession agreement for the progression of "Phase II" of the SCCT facility.
From Wikipedia’s article on Suez Canal Container Terminal, shared under CC BY-SA 4.0.4