Sisi approves amendments to law on general authority for tunnels
Tuesday، 22 May 2018 - 12:30 PM
President Abdel Fattah El Sisi approved on Monday 21/5/2018 amendments to some provisions of Law No.113/1983 as regards setting up a national authority for tunnels.
The law was earlier approved by the parliament.
Under the amendments, the national authority for tunnels will be responsible for designing and setting up metro projects and electricity-powered rail projects.
The authority's financial resources will stem from the allocations set for it in the State general budget, revenues of the projects it will set up, fees given to the authority in return for the consultancies and services it will offer to the others both inside and outside Egypt as well as aid, loans and donations channeled to it.
The amendments also allow the authority to set up shareholding companies in cooperation with other partners to operate and maintain metro projects.