The Egyptian government is planning to attract private sector investment in the road and rail sectors in an attempt to improve its transport network, the daily newspaper Al-Masry Al-Youm reports.
Under the plans, foreign or Egyptian private companies will be invited to participate in public works through a build-operate-transfer model of project financing, whereby they are granted a concession to design, construct and then manage the facility in order to recover their investment.
One project reportedly slated for such financing is the construction of a new motorway linking the Shubra district in north Cairo with Benha to the north to ease congestion on the existing road, which is used by about 45,000 vehicles a day. The investment ministry reportedly has in mind projects worth a total of LE10 billion.
Until now public-private partnerships have largely been used to provide more social services and infrastructure including wastewater plants and hospitals. However a spate of road, rail and sea accidents in recent years has triggered calls for increased investment and improvements in the transportation sector.