Transport Sector
The facility, covering an area of 2 million square meters in the west of Damietta Port, will serve as a regional hub for ship recycling and meet international standards.
The government aims for the transportation sector's production at current prices to reach LE 672.4 billion the current fiscal year, compared to LE 586.5 billion in the base year 2022/2021, marking an increase of 14.7 percent.
Minister of Transport Kamel El Wazir expressed on Tuesday Egypt's readiness to convey its expertise in the transport domain to sisterly Arab countries.
He also referred to other joint projects, including the implementation of the third stage of Cairo Metro Line 3, the developing of the train signaling system along the 208km-long Cairo-Alexandria line and 250km-long Beni Sef/Assiut line.
This came during Al-Mashat’s meeting with Ibrahim Dajani, Regional Director for Sustainable Development and Infrastructure in the Middle-East and North Africa Region at the World Bank Group (WBG), during his visit to Egypt.
This came during the Minister’s review of the objectives of the transport sector in 2021-2022, the draft sustainable development plan for the fiscal year 2021-2022.
Egypt is no longer the highest in road accidents thanks to the national projects that occurred within 6 years.
He pointed out that 7 thousand kilometers of roads have been implemented by all sectors of the state
Al-Mashat clarified that €1.1 billion is to finance three projects in the transportation sector with the National Authority for Tunnels.
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