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Article: Panel highlights Egypt's focus on infrastructure spending.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- October 1, 2009
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CAIRO: A panel addressing the development of Egypt's infrastructure, moderated by Euromoney Institutional Investor Managing Director Richard Ensor, conveyed an optimism somewhat belied by the cars crowding the corniche outside the window.
Hisham Fouad, senior advisor to the chairman of the General Authority for Roads, Bridges, and Land Transport (GARBLT), announced LE 10 -15 billion of government funds allocated for transport, but admitted that LE 25 billion would be needed to implement a truly safe and well-managed transport system.
Acknowledging the transport sector as the area of infrastructure most in need of attention, Ensor asked Tim Arnsby of ...