Min. reviews in London plans of developing Egypt's transport system

CAIRO - Transport Minister Hisham Arafat, currently visiting the British capital London, reviewed projects and plans of developing the transport system in Egypt during his participation in the Egyptian British Business Council meetings.

Representatives from 70 investment companies were also present at the meetings.

Arafat hailed investment atmosphere in Egypt, noting that there are promising investment opportunities in the field of transport.

Arafat discussed his ministry's efforts in establishing new road network, according to a statement by the Transport Ministry.

He said the ministry aims at establishing and developing 2,200 kilometers of roads as part of the 30-billion-pound national road project.

Up to 5,000 kilometers of the main road network in Egypt will be upgraded at a cost of 10 billion pounds, the minister reiterated, noting that 15 new axes will be built on the Nile at a cost of EGP 11.5 billion.

He further underscored that 30 new flyovers will be constructed at a cost of 2.5 billion pounds.

Arafat stressed that his ministry is now working on a railway signalling project at a cost of 12 billion pounds, adding that 1,100 railway crossings will be developed.

He said efforts are under way to complete the construction of the other lines of the Egyptian Underground Metro and set up electric trains lines in el Salam and the New Administrative Capital.

The minister pointed out to implementing mega investment projects at seaports, which will have a positive impact on the Egyptian economy.