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Tag: 100m

Egypt- Planning Minister approves additional EGP 100m for Aswan-Al-Alaqi Road improvements

(MENAFN – Daily News Egypt) Egypt’s Minister of Planning and Economic Development Hala El-Said has approved an additional budget of EGP 100m for the Ministry of Transport to start raising the efficiency of the Aswan-Al-Alaqi Road.

The road, which runs for a total length of 150 km, has already been granted EGP 560m in funds for its development.

El-Said made note of the economic importance of the transportation sector, with transport networks of all kinds considered economic lifelines. She also said that these networks link production centres with consumer markets, whilst also ensuring that production sites can obtain the required raw materials and operating requirements.

She pointed out that the transport sector’s output is important for production in many commodity and service sectors, such as the trade, extractive and manufacturing sectors.

The minister said that a country’s productivity highlights the importance of a sound and efficient transportation sector. Improving transportation

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