Transport
Chairman of the Holding Company for Airports Mohamed Said Mahrous stated the figure in a speech Wednesday on the occasion of the 59 anniversary of Cairo International Airport.
The conference will be held on May 30-31, and have as theme "By Industry."
The supreme committee consists of a number of technical committees.
The prime minister told press that the alliance will invest almost half a billion dollars in the first phase alone in spite of the economic circumstances the world is undergoing.
To achieve that goal, the ministry works on attracting more investors to Egypt's maritime transport market.
The transport minister revealed new plans on microbuses using the Ring Road.
The meeting comes upon the directives of President Abdel Fatah al-Sisi to create an Egyptian fleet for transporting imports and exports.
The Egyptian government has taken concrete steps to revamp Greater Cairo's first metro line.
The LRT line had already begun pilot operation.
Upon an invitation of Qatari counterpart Jassim Bin Saif al-Sulaiti, Minister of Transport Kamel al-Wazir held a visit to the Gulf state Sunday to hold talks on potential cooperation in the sector.
The meeting was attended by representatives of the Egyptian-British chamber and heads of maritime, railways and metro authorities.
The LRT is planned to transport 500,000 passengers per day as it connects Salam City with 10th of Ramadan City through the New Administrative Capital (NAC).
Rabie also clarified the reasons behind the cancellation of the 15-percent discount offered to liquefied gas tankers.
In that context, the ministry revealed that the technical works contracts of the second and third lines will be signed with Siemens soon.
Chairman of the National Authority for Tunnels Essam Wali indicated more details on its operation and ticket pricing.
Transport Minister Lieutenant-General Kamel Al-Wazir said that after marathon negotiations that lasted for several months with Chief Executive Officer of Siemens AG, Roland Busch, an agreement was reached between the two sides.
He said the political leadership is keen on cooperation with international development partners in the domains of environment-friendly green transport projects including the monorail and the light electric train.
Head of Engineers Syndicate Hani Dahi said that Egypt’s ranking in global road safety improved, rising from 118th to 28th thanks to national road projects.
The authority noted that the price of the Cairo-Aswan ticket will be LE125 ($7.8).
The transport sector is one of Egypt’s priority sectors, as the country is working to develop this sector in a way that enhances the availability of advanced means of transportation for all, as well as means of transporting goods and enhances connectivity between cities and governorates, taking into account environmental standards.
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