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Tuesday, 21 September 2021

Egypt int'l cooperation minister discusses cooperation in transport sector with Russian Railway chief

Allocations to the transport sector represent more than 20 percent of the country’s international development portfolio as it is estimated at $5.13 billion, the minister said

MENA , Friday 4 Jun 2021
Rania Al-Mashat.
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Minister of International Cooperation Rania Al-Mashat mulled on Thursday with Acting Managing Director of Russian Railways International Sergey Stolyarov and his first deputy Sergie Pavlov joint cooperation in the field of transport.

The meeting came on the sidelines Al-Mashat's participation in the St. Petersburg International Economic Forum.

During the meeting, Al-Mashat asserted that the Egyptian government is deeply interested in developing the transport sector so as to reinforce connection among the state's various regions and beef up development efforts all across the country.

Allocations to the transport sector represent more than 20 percent of the country’s international development portfolio as it is estimated at $5.13 billion, the minister said.

Such funding has contributed to implementing several projects including the metro lines, the national road projects as well as upgrading the railway grid among others.

She also highlighted the continued coordination between the ministries of transport and international cooperation to enhance international partnership with multiple parties with the aim of meeting the basic needs of the transport sector and completing the projects of top priority.

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