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
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Safran invests €280m to build one of the world's largest landing gear plants in Morocco, crea...
This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...
South Africa will remove transmission control from Eskom and create a separate public grid operato...
WFP warns its funds will run out within weeks without urgent support. 4.4 million people face acute hunger; only one in seven receives aid. $95...
DRC and World Bank approved an action plan to raise disbursement to at least 30% in 2026. Current rate stood at 22% in 2025, below 25% over the past...
Finance minister presented the 2026 state financing strategy to investors in Douala. President authorized up to CFA1,650 billion in domestic and...
DRC, UNOPS sign infrastructure cooperation memorandum in Kinshasa Agreement covers development, skills transfer, strategic coordination,...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...
Senegal, Morocco resume talks on film co-production pact Countries seek revised agreement on training, distribution Partnership produced two...