Minister of Transportation Hesham Arafat revealed that the third phase of the national project for roads will start at the beginning of the coming fiscal year (FY). The first phase was completed in 2011, and the second phase will be at the end of the current FY. He pointed out that the Ministry of Transportation holds one-third of the National Roads Project. Arafat added that the ratio of local companies’ participation in the national project for roads reached 30%, including the General Nile Company for desert roads, the General Nile Company for Roads and Bridges, and other road companies affiliated with the general authority for roads. He noted that the private sector’s participation in the roads industry added a kind of competitiveness between the public and private sectors.

Source: Daily News Egypt March 14, 2017 16:07 UTC