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Egypt invests EGP 5.6bn in New Cairo’s road projects

Egypt invests EGP 5.6bn in New Cairo’s road projects
Total investments in New Cairo’s road projects stood at EGP 5.65 billion

Cairo – Mubasher: Total investments in New Cairo’s road projects stood at EGP 5.65 billion, Egypt’s housing minister Mostafa Madbouli said.

Road investments amounted to EGP 1.65 billion of fiscal year 2017/2018 budget and EGP 4 billion of FY18/19 scheme, Madbouli highlighted.

The housing ministry is currently developing and upgrading the road network of the main axes and residential communities, he added.

The New Urban Communities Authority (NUCA) aims at boosting its total investments to EGP 40 billion from EGP 30 billion by the end of FY17/18.

NUCA’s total investments stood at about EGP 15 billion in the period from July to December 2017.