Egyptian government to seize private properties worth nearly LE1.8B to expand Ring Road - News Summed Up

Egyptian government to seize private properties worth nearly LE1.8B to expand Ring Road


CAIRO – 1 September 2022: The Ministry of Local Development unveiled Thursday that the properties to be seized from private holders to expand the Ring Road in the section lying in Giza has been estimated at LE1,763,165,000. Speaking of the section situated in Cairo governorate, LE1.5 billion were disbursed to owners, including 1,380 families, 296 shop owners, and 136 workshop owners in Basatin neighborhood. Officials at the Ministry of Transportation told a European Investment Bank (EIB) delegation in March that the local production of bus-rapid-transit (BRT) vehicles had begun, a press statement indicated. The introduction of the BRT has been made possible through the ongoing expansion of the Ring Road connecting Greater Cairo together. That is because there will be seven lanes in each direction, so as one will be allocated to the BRT, while the rest will be used by passenger cars.


Source: Egypt Today September 01, 2022 23:35 UTC



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