1.4 billion EGP to develop transportation system
The Central Bank of Egypt - YOUM7 (Archive)
By THE CAIRO POST

CAIRO: An amount of 1.4 billion EGP was allocated to develop the transportation system in Egypt and provide more than 1,000 busses, Minister of International Cooperation Naglaa al-Ahwany said in a Monday press conference at the Cabinet headquarter.

Ahwany said the government is keen to preserve the citizens’ content and that the meeting of the economic group discussed the results of her final visit to Jeddah, Youm7 reported.

She signed an agreement between Jeddah and Egypt worth $752 million to construct three electricity plants, irrigation, and drainage stations.

The economic group held a meeting Monday headed by Prime Minister Ibrahim Mahlab and attended by the governor of the Central Bank of Egypt (CBE), Ministers of Planning, Industry and Trade, Supply, and International Cooperation, according to Mubasher.

During the meeting, they discussed the fiscal and monetary indicators and CBE’s procedures to regulate the foreign exchange market.

The Egyptian military provided 36 buses in the governorate of Giza for public transportation after drivers raised their bus fares for more than the amount approved by the government, Youm7 reported Monday.

Giza allowed a new fare rate for microbuses and white taxis but some drivers said the permitted hikes in their fares are not enough to match the oil price hike. The base fare for white taxis will now start at 3 EGP (42 cents), which was previously 2.50 EGP.

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