Cairo - Mubasher: The Egyptian River Transport Authority (RTA) is coordinating efforts between finance and transportation ministries to allocate between 10% and 20% of its revenues to development works, according to chairman Abd Elazeem Mohamed.

Mohamed told Mubasher that his authority obtains only EGP 10 to 12 million annually, which are all directed to the public treasury, which is delaying the developmental process that it needs to undergo to revitalize a major component in the transportation sector.

The chairman also noted that the authority is reviewing prices and charges, in order to increase its income, alongside other projects.

The authority recently awarded EGP 280 million contract for dredging works in the Nile from Nag Hammadi to El Qanater El Khayreya to Egyptian Dredging Company (EDC).

Encroachments on land allocated to the EDC were discussed with the Egyptian Presidency’s advisor for national projects and various countermeasures were proposed, which will be implemented following the conclusion of the presidential election.