Egyptian investment

Egypt: Plans to invest US$ 30 billion in infrastructure franchises in Egypt have been announced by a consortium of investment companies led by Dubai-based National Holding.

Transport Minister Mohammed Loutfi Mansour said that the holding company would develop projects under build-operate-transfer (BOT) concession contracts and could start work on some road projects in early 2007.

The consortium will focus on the construction of roads, bridges ports, ports and rail networks. In August it signed agreements paving the way for such schemes to go ahead with Egypt's General Authority of Roads, Bridges & Land Transportation, the Egyptian Rail Authority and Port Said Port Authority.