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FINANCIAL NEWS
Egypt invests EGP60m for road development projects in Giza
08 Aug 2016
(MENAFN) Egypt allocated EGP 60mn for investment plan of the financial years 2016/17, in order to raise the efficiency of 22 roads in nine cities in Giza governorate.
Accordingly, the money will be used for paving, enhancing and re-paving important roads and axes in the regions of Monshaet El Qanater.
In addition, the projects will be given to a new firm if the one originally assigned does not comply with the specified and scheduled time.
On the other hand, 20 paving projects are ready for the center of Maghagha, while the directorate is applying 12 out of the 20 project, with EGP 6.38mn.
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