25 July 2014

Egypt: A Company for Public Transportation to Be Formed At Egp 1 Billion Capital

Date of publication:Friday, 25 July 2014

The government is currently drawing up an integrated plan to secure radical solutions to the transportations' crisis nationwide after Eid Al-Fitr.

Such a plan came within the framework of the President's directives. This came during a meeting held in the Investment Ministry headquarters.

The meeting was attended by ministers of Investment, Tourism, Transport and Planning. A company for public transportation would be formed at a capital of EGP 1 billion.

For his part, Investment Minister Ashraf Salman said that an agreement was reached with Misr Travel to use its buses to link between Cairo and new cities.

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