The railway sector requires approximately EGP 60bn for development purposes over the coming 3 to 5 years, Minister of Transportation Hany Dahi announced Tuesday.
Dahi’s made the statement during the “Egypt…Future’s Path” conference which took place between 7 and 9 September.
Discussing the challenges facing the sector, Dahi said that Egypt’s transportation is suffering from operational as well as security issues as several new trains were burned in August.
The minister said that Egypt recently reached an agreement with several European countries to import 25 new trains.
The ministry will also establish offices in train stations to improve the quality of customer services, Dahi noted.
With regards to the maritime sector, Dahi revealed that ports bring Egypt approximately $120m (EGP 800m) per year.
During the next three months, several ports will be developed to generate more revenues for the state budget, the minister said, mentioning that six of those ports are located in the Suez Canal axis.