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
Live News
-
Afreximbank Expands Footprint in Cameroon With CFA600 Billion Push
20:06
-
Cameroon Orders 3,442 Teachers to Prove Status or Face Payroll Removal
19:43
-
Cameroon Grants Traditional Chiefs Power to Issue Provisional Land Certificates
19:40
-
Cameroon Navigates Tight Global Markets With Multilateral Backing
19:38
-
DRC Prepares Second Phase of Nationwide Airborne Geological Survey
19:09
-
Gabon Pushes to Speed Up Execution of Digital Reform Programs
18:04
-
Namibia’s Cybercrime Bill Sparks Concerns Over Civil Liberties
17:43
-
GSMA Targets Emerging Markets with New Clean Tech Grant Program
17:37
-
Madagascar Launches $3 Million Public Virtual University Project
17:20
-
Senegal Bets on Energy-Telecom Synergies to Enhance Service Quality
17:17
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...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...
The fast-growing installment payment market is set to expand sharply across the continent, even as s...
Xcalibur to launch $297.8 million mapping phase in DRC Three-year surveys to cover 700,000 square kilometers Program aims to modernize data,...
Gabon held the 5th steering committee for the eGabon and Gabon Digital programs on February 23. Authorities aim to strengthen interministerial...
The draft Cybercrime Bill would grant authorities expanded investigative powers over electronic data and communications. The Institute for Public...
Senegal, Canada finalize plans for Dakar-Montreal flights Air Transat to operate twice weekly from June Route expected to boost diaspora...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
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...