Egypt’s Minister of Planning and Economic Development Hala al-Saeed agreed to reinforce the Transport Ministry’s plan for the fiscal year 2020/2021 with an extra funding of one billion Egyptian pounds, to finish the Ring Road development project on time. Saeed said that the approval came in line with the decisions of the cabinet regarding the situation of Transport Ministry’s projects, and following the political leadership’s directives regarding the necessity of completing the Ring Road around Greater Cairo. The development of the Ring Road aims also to improve services and expand roads to receive more cars, she added. Saeed stressed the keenness of the Planning and Economic Development Ministry to provide the necessary funding to complete the project. The transport sector has investments estimated at LE119.7 billion in the 2020/2021 plan, she noted, intended to increase the sector’s growth to reach 4.2 percent in the current year 2020/2021 plan.

Source: Egypt Independent October 31, 2020 12:00 UTC