Egypt’s transport minister urges American companies to invest in 33 future projects in sector

Egypt’s transport minister urges American companies to invest in 33 future projects in sector

Egypt's Ministry of Transportation plans to implement 33 projects in the near future and need the private sector to participate in them, Minister Kamel El-Wazir revealed.

El-Wazir made his statement during the monthly luncheon organised by the American Chamber of Commerce in Egypt to discuss the investment opportunities that the sector has to tap into.

These projects include eight projects in maritime transport with an estimated cost of around $2.7 billion, five projects to construct subway tunnels with a total cost of $425 million, in addition to railway projects that cost about $1.8 billion, according to El-Wazir.

The minister urged American companies to take advantage of these opportunities and submit their proposals for these projects to the transport ministry for immediate consideration.

Bids on the projects will be made through Pot, PPP, and ABC+F according to El-Wazir.

He added that Egypt's President Abdel-Fattah El-Sisi directed the transport ministry to open the door for the private sector to invest in these projects, which mitigates the burdens on the state budget and leaves room for the private sector to play its role in the development process.

The minister clarified that investors who seek to participate in these projects have to