FDA Braces to allocate €100 Mln to Boost Egypt’s Transportation SectorSource: www.export-egypt.com 7/24/2019, Location: Africa |
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Egypt’s Minister of Transport Kamel El-Wazir urged French companies to maximise their projects in the transportation sector in Egypt, especially because the two countries have successful cooperation experiences in various fields.
One example of the many other projects in the railway sector is the Cairo metro lines establishment project, where French companies implemented the third Cairo metro line. Minister Kamel El-Wazir mentioned that the ministry is working on collaborating with the French Development Agency (FDA) to improve Alexandria's El-Raml tramway, in coordination with the Ministry of Investment and International Cooperation, during a meeting held at the investment ministry's headquarters. The meeting was attended by French Ambassador Stéphane Romatet and a number of Egyptian ministers and top officials. “France desires to help Egypt improve the transportation sector through its projects. The French VINCI company is to visit Egypt soon to push cooperation with Egypt’s Ministry of Transport. The FDA is bracing to appropriate €100 million to fund the project to improve El-Raml,” Romatet said. Meanwhile, Egypt’s minister of investment and international cooperation, Sahar Nasr, announced that the ministry is coordinating with the Ministry of Transport with the aim of attracting more investments in the transportation sector as well as providing grants to fund its projects |
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