24 March 2019 07:51 AM

Planning Ministry, WB mull strategy for developing Egypt's railway sector

Saturday، 16 February 2019 - 04:31 PM

Deputy Minister of Planning Ahmed Kamali discussed with officials at the Transport Ministry, the World Bank (WB) and the Italian-Egyptian advisory office outlining a strategy to reform Egypt's railway sector.

The meeting was attended by Deputy Transport Minister Amr Shaat.

In a statement by the Planning Ministry on Saturday 16/02/2019, Kamali underlined the importance of adopting structural reforms in various sectors to ensure sustainability of results achieved by the stabilization policies implemented by the government since 2014, highlighting the major importance of upgrading the transport sector.

Kamali said that the proposed reforms in the transport sector go in line with the country's economic reform plan that was presented by the Planning Ministry, in which seven major sectors were identified as promising to contribute to pushing forward the development process.

Kamali as well asserted the important role of the private sector in the proposed reform process.

For their part, the WB officials asserted their readiness to support the proposed reform plan.

For his part, Shaat said that the Egyptian Railway Authority has signed a contract with the Egyptian-Italian consortium which will offer advisory services to help set out a strategy to reform the national railways sector given recommendations issued by the WB on the need to restructure the financial and legal frameworks of the authority.

MENA


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