Ministers of transport, petroleum confer on latest developments of renovation project of Qena/Safaga/Abu Tartour

CAIRO - 5 May 2020: Minister of Transport Kamel el Wazir conferred with Minister of Petroleum Tarek el Mulla on the latest developments of a project to renovate the railroad line of "Qena/Safaga/Abu Tartour".

According to a statement by the Ministry of Transport on Tuesday, both ministers reviewed the latest developments on the economic visibility study of the project which will be completed by the end of May.

They also tackled the funding of the project and the mechanism to be used in establishing the company that will manage it to allow the participation of the private sector in the management, operation and maintenance of the railway.

Wazir asserted that renovating this line will serve the Golden Triangle project and contribute to transferring crude phosphate.

The renovation will positively contribute to developing the New Valley and refreshing tourism between Luxor and Hurghada.

Meanwhile, Mulla lauded the fruitful cooperation between the ministries of oil and transport, asserting that the strategic project serves the industries of mining and transportation.