Egypt plans to launch 24 transport projects in 2022 with a budget of $ 6.5 billion
#Cooperation #Economy #Investment #RailTransport #Transport #EGYPT
Denys Bédarride
Friday 14 January 2022 Last update on Friday, January 14, 2022 At 4:10 PM

The transport industry holds a prominent place in development policy in Egypt. Between railroads and modern mobile units, the government intends to kill two birds with one stone by reducing the difficulties associated with mobility, which add to the ecological challenges.

As part of its budget, fiscal year 2022, the Egyptian transport ministry planned to spend $ 6.5 billion to implement 24 transport projects. This represents 25% of the development finance portfolio of the Ministry of International Cooperation.

This investment will be used, among other things, to continue the projects in progress such as “the development of signaling systems on the railways, mobile transport units, the monorail in the direction of the new administrative capital from the city of October 6. , the renovations of the metro, the rehabilitation of the tram on the Raml Line, as well as the rapid completion of the environmental impact and economic feasibility studies of the projects planned for 2022 ”, according to Kamel Al-Wazir, Egyptian Minister in charge of Transport .

These various projects which require colossal investments have been initiated a few years ago as part of the implementation of the Egyptian government’s strategic plan called Vision 2030 which incorporates remarkable transformations to be made to the country’s transport system. Against the backdrop of a major metamorphosis in the rail network as well as an almost complete renewal of the national fleet of locomotives.

Apart from improving connectivity between governorates and cities as well as between industrial zones, these projects are helping to readjust mobility models in the Egyptian capital, which is currently one of the most populous on the continent.

Among other impacts, these different projects, some of which incorporate models focused on green mobility, offer leaders the opportunity to strengthen the state’s climate policy for sustainable development.

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