EGP30 bln Investments In Transport: Govt Says

The state is aiming at injecting EGP 30 billion in the field of transport, varying between governmental investments through its General Budget, granting loans via exterior agreements, and private investments in some projects that are affiliate to the field of transport.

The State’s estimated Budget 2012-2013 showed that the general investments acquire 63%, about EGP 18.7 billion; while it would depend on EGP 11 billion of the private investments for the developments and projects processes that are being targeted in the field of transport.

The investments in roads, bridges and metro acquire 62% of the total General Budget, about EGP 11.6 billion; divided into EGP 1.5 billion investments in roads, EGP 1.2 billion investments in bridges, while investments in the underground reach EGP 4.5 billion.

As to the investments in the railway, they amount to EGP 3 billion, and about EGP 1.1billion of the general investments had been allocated for the ports and EGP 2.3 billion for the river transport.