Transport Minister Kamel El-Wazir said the entry of the private sector in the rail freight transport is essential to maximize the revenues of the Egyptian National Railways and ease traffic burden on roads.
El-Wazir was delivering a speech on Friday during a dialogue session organized by the British Egyptian Business Association (BEBA) in London in the presence of Investment Minister Sahar Nasr, Finance Minister Mohamed Maiit, and representatives of Egyptian and British companies.
The Egyptian transport sector witnesses a quantum leap, a matter which offers promising investment opportunities in this vital sector.
El-Wazir reviewed the transport ministry's plans to develop the railways and urgent measures taken to improve safety and security rates.
The minister spoke about details of the current projects which are being implemented in the railway system in Egypt, including buying new locomotives and developing new ones as well as opening new railway lines nationwide.
He expected that the railways would transport two million citizens daily after implementing the medium-term plan and four million after implementing the long-term plan.
Regarding the Metro, El-Wazir said the fourth stage of the Cairo Metro Line 3 will be finished and two monorails projects will begin in execution in April 2020.
Concerning roads, the minister pointed out that the first and second phases of the National Road Project (4,500 km) had been completed for EGP 75 billion in cooperation with Housing and Defense Ministries.
He also talked about the ministry's strategy to develop the maritime transport and logistics zones.