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
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...
Ghana aims to raise international reserves to 15 months of import cover by 2028 under the Ghana Accelerated National Reserve Accumulation Policy...
Dangote Cement signed a $1 billion agreement with Sinoma Engineering covering 12 projects in seven African countries. The projects support...
Ethiopian Electric Power launched a joint study with South Korea to modernize electricity tariff-setting frameworks. National electricity access...
Globeleq acquired a 51% majority stake in Lunsemfwa Hydro Power Company from Norfund. LHPC operates 56 MW of hydropower capacity and develops 27...
Rwanda’s capital immediately impresses visitors with its striking cleanliness and orderly layout, qualities that frequently set it apart from other cities...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...