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
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
CBE raised $200 million in senior debt as a second tranche arranged by Standard Bank New fun...
Senegal to deploy 1,000 hybrid taxis under FDTT-BCI SN financing deal Project targets informal sector reform, with 100 taxis arriving February 2026...
Guinea saves $26.9M after verifying public workers via FUGAS system Only 130,000 of 277,000 staff confirmed through biometric checks FUGAS...
Bill aims to simplify tax system, promote compliance, and support growth Follows removal of E-Levy, COVID tax to ease household, business costs...
Platform matches corporate needs with local tech solutions in real time Aims to boost national innovation, digital transition, and competitiveness...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...