Egypt’s Minister of Planning and Economic Development Hala El-Said has revealed an EGP 200m plan for fiscal year (FY) 2020/21 for the Ministries of Electricity and Renewable Energy, and Housing, Utilities and Urban Communities.
The plan will direct EGP 100m to each ministry, in order to quickly complete the works of removing the facilities in conflict with the development of a new Ring Road.
El-Said said that the financing approval came as part of the political leadership’s interest in the national road projects that are being implemented. She noted that it also illustrates the interest in implementing the decisions issued by the Presidency of the Council of Ministers regarding the development of the Ring Road.
The minister stressed that the state is taking important steps to implement national road projects due to their utmost importance for the benefit of Egyptian citizens. She also noted that the increase in government spending on the country’s road systems has contributed to a significant reduction in traffic accident rates.
El-Said said that her ministry is keen to support and following up on the implementation of the national projects currently under way.
She added that the development of the Ring Road aims to raise the level of road services, by implementing expansion works that will ensure the road can carry more vehicles.
Last October, El-Said agreed to reinforce the Ministry of Transport’s plan for FY 2020/21, under the General Authority for Roads, Bridges and Land Transport (GARBLT). It will be given EGP 1bn with which to complete the implementation phases of the project to develop the Ring Road around Greater Cairo, and to ensure that it is completed according to schedule.