Egyptian Transport minister reveals projects for investment at EEDC

GMT 00:14 2015 Monday ,16 March

Arab Today, arab today Egyptian Transport minister reveals projects for investment at EEDC

Transport Minister Hany Dahy
Sharm El-Sheikh - MENA

 Transport Minister Hany Dahy reviewed the transport sector’s 2030 strategy during a workshop at the Egypt Economic Development Conference (EEDC) on Sunday.
The strategy aims to transform the state into a world trade hotspot and promote economic integration with neighboring countries, Dahy said.
It is pivoted on the Suez Canal Corridor Development Project, upgrading the role of maritime transport, and overhauling sea ports and raising their capacity to serve international trade, he said.
Additionally, the ministry is working on increasing the private sector’s engagement in a number of outlined strategic projects over the coming three years with investments worth $13.5 billion, he said.
The projects include the establishment and development of five cargo stations in the ports of East Port Said, Damietta, Safaga and Ain Sokhna, he said.
In the railroad sector, five rail lines for cargo and passenger movement will be established at a total investment cost of $6.1 billion.
Among the proposed projects is the establishment of dry ports and logistic zones in the Sixth of October and Tenth of Ramadan cities, he added.
Light rail and electric train projects will also be offered to create 144 km of lines as well as express buses that will be driving in separate lanes, the minister said, adding their expected cost will be $5 billion.
The minister spelled out a list of projects offered for investment at a total cost of $2.5 billion:
- A cargo station at East Port Said Port ($700 million).
- A cargo rail line between Ain Sokhna and Helwan ($500 million).
- A logistic center and dry port at the Sixth of October City in Giza ($90 million).
- A logistic center and dry port at the Tenth of Ramadan City in Sharqiya ($90 million).
- An electric train line between Cairo’s Ramses to Nozha districts ($500 million).
- An express bus line between Cairo’s New Cairo and Heliopolis districts ($380 million).
- Overhauling the river bus system ($100 million).


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