Recent reports reveal that the Egyptian government is seeking investments from abroad for numerous transport inftrastructuer projects carrying notable profit potential, according to South China Morning Post.
Various attractive tax incentives, including a 99-year exemption and opportunities to build on the BOT system (Build-Operate-Transfer), are currently being offered to investors on a wide range of projects.
The largest of the ten projects, a highway connecting Marsa-Alam and Ain-Sukhna, requires an estimated 3.52 billion Egyptian pounds ($892.8 million) in investment.
The government is currently reviewing bids for the EP 1.56 billion Cairo-Alexandria Matrouh road, and for the Cairo-Ismailia-Port Said road, valued at EP 540 million.
Investments for the Cairo-Alexandria highway and the Dairout-Al Farafr highway, valued at EP 720 million and EP 1.05 billion respectively, are also being sought.
An estimated EP 350 million is being sought to expand the Abu Simbel Airport, which hopes to increase passenger traffic to 1,500 passengers an hour. Also, the Sokhna airport, which is located on the Red Sea coast and serves free trade zones and industrial areas, is seeking capital.
Likewise, the establishment of a 29-kilometer, 31-station underground metro train will also require foreign investment, according to the Ministry of Transportation. - (MENA Report)
© 2001 Mena Report (www.menareport.com)
