21 August 2019 09:52 AM

Sisi: Egypt seeks to carry out public projects in record time

Wednesday، 15 May 2019 - 02:36 PM

President Abdel Fattah El Sisi asserted on Wednesday 15/5/2019 that Egypt is seeking to carry out public projects in the shortest time possible to save money and effort.

Addressing the inauguration ceremony of Rod el Farag Axis and Tahya Misr Bridge, Sisi said the cost of carrying out such projects at present could be much higher in view of the difference in the value of the Egyptian pound.

Responding to a question by President Sisi about the cost of such projects, Head of the Armed Forces Engineering Authority Maj. Gen. Ihab Al Far said the basic cost of such projects reached EGP 170 billion, adding that if such a project was to be implemented at the present time, it would have cost around EGP 400 billion.

President Sisi explained that the issue is not only the cost of the project, but in the revenues of operating such projects. The project was supposed to be inaugurated after two or three months according to the outlined schedule. Work has been intensified to make use of the new axis to ease traffic and shorten commuting time.

He asserted that the amount of the money spent over the past five years could not be enough to start such project at the current time.

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