Public Management

Egypt pumped $291mln into road projects last year

Egypt pumped $291mln into road projects last year
Friday, 07 February 2020 14:08

The construction and rehabilitation of road infrastructures captured a total of $291 million in Egypt last year.

According to the ministry of transport, an amount of EGP2.2 billion ($139 million) was invested in 26 projects to build a total of 524 km of roads. Another EGP2.4 billion ($152 million) was used to construct 7 bridges and an urban road, including the Adly Mansour road, four bridges along the Benha-Masoura highway and two bridges along the Cairo-Suez road.

The government’s efforts to upgrade road infrastructures in the country have paid off and Egypt has jumped 17 places to 28th in the 2019 Road Quality Index, which is a component of the Global Competitiveness Index published annually by the World Economic Forum (WEF).

This year, the Egyptian government intends to pursue its strategy, now focusing on rural areas. On 25 January, the Finance Minister, Mohamed Maait, announced that EGP3 billion (about $190 million) will be invested to establish an emergency plan for the development and modernization of road networks. One-third of this budget will be allocated to the Ministry of Local Development.

Romuald Ngueyap

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Cameroon to raise 585 billion CFA on international markets Follows $750 million bond under 1,000 billion CFA target Funds to clear arrears,...
Breadfast secures $50 million in pre-Series C funding. Mubadala, SBI and EBRD among investors; EBRD invests up to $10 million. Company...
Kenya launches $500 million Eurobond buyback maturing in 2028 and 2032. Operation financed through issuance of a new longer-dated...
A.P. Moller Capital raised 2.24 billion dirhams ($243 million) for APM Capital Morocco Fund, dedicated to transport and logistics. The fund...
Most Read
01

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
02

Safran invests €280m to build one of the world's largest landing gear plants in Morocco, crea...

Morocco: Safran Announces $305 Million Investment to Build One of the World's Largest Landing Gear Plants
03

Industrial, jewelry and silverware demand expected to decline in 2026. Physical investment ...

Silver Demand Set to Shrink in 2026, Investment Drives Sixth Deficit
04

This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...

Weekly Health Update | Africa CDC Advances Health Sovereignty Efforts
05

Global South Utilities (GSU) has begun building a 5 MWp hybrid solar plant with 5 MWh battery st...

Chad: GSU Starts Construction of 5 MWp Hybrid Solar Plant in Amdjarass
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.