The Fund, Citadel Capital Transport Opportunities II (CCTO II), controls barge operator Nile Cargo and the National River Port Management Company (NRPMC). Both fall under the umbrella of NMT, Citadel Capital's holding company for investments in Egypt's logistics.
Notably, Nile Cargo's fleet stands at 31 reconditioned 50-meter barges and four custom-designed 100-meter barges, each with a capacity of 1,500 tons. One of the custom-designed 100-meter barges has the capacity of 40-50 trucks and is powered by an engine with output rated at the equivalent of just 2-3 truck motors. The company's goal is to have an additional three pushers and six dumb barges in service by the beginning of 2012 and a further 10-18 pushers and barges by the end of that year.
The ultimate goal is to have a 116-vessel fleet serving the Egyptian arm of a river and rail transportation network that will eventually connect the port of Alexandria to Kenya's Port of Mombasa and inland to the Ugandan capital of Kampala.




